Brazil: Oilseeds and Products Annual
Post forecasts 2016/17 soybean production at 103 million metric tons (mmt), an increase of three percent compared to the current season. The 2016/17 planted area is forecast to increase to 33.7 million hectares. The slower pace of area growth compared to the last five years is attributed to higher production costs and economic/political challenges in Brazil. Soybean exports for the 2016/17 marketing year are forecast at 57 mmt based on strong demand by China. Due to export demand and new biodiesel mandates, soybean meal and oil production is forecast to increase.
