Brazil: Oilseeds and Products Update
For the 2019/20 harvest, Post forecasts a modest soybean planted area expansion to 37 million hectares, up from 36.2 million hectares in the current season. With a return to average yields, production is forecast at 124 million metric tons (mmt), yet another record for Brazil. Post maintains its soybean export forecast at 75 mmt for 2019/20, on the expectation of subsiding demand from China, which should be negated, to a degree, by higher overall global consumption. For 2018/19, Post revised the production estimate to 116 mmt, as a result of improved weather late in the season.
