Brazil: Oilseeds and Products Update
Post maintained its 2016/17 production forecast at 101 million metric tons (mmt) due to a larger planted area and higher yields compared to last year. Area planted for soybeans in Brazil is estimated to be 33.7 million hectares, a record. Post kept its 2016/17 marketing year export forecast at 57 mmt due to strong demand by China and kept its crush forecast at 41 mmt due to higher domestic demand.
