Brazil: Oilseeds and Products Update
Post reduced its 2015/16 production forecast to 98 million metric tons (mmt). Dry and hot weather in central and northeast Brazil is having an impact in the progress of the crop. Post kept its export forecast at 55 mmt for the 2015/16 marketing year. In policy news, Brazil’s soybean industry formally presented a study to the Ministry of Foreign Affairs to evaluate the possibility to file a World Trade Organization case against the United States over agricultural subsidies.