Brazil: Oilseeds and Products Update
Post reduced its 2014/15 production forecast to 92 mmt, still a record, based on a lower national yield. Area planted for soybeans in Brazil is still estimated at 31.5 million hectares, but post reduced its initial yield forecast due to weather problem across the country. Post kept its export forecast at 47 mmt for 2014/15 marketing year (MY).