Browse Data and Analysis

China’s soybean imports are forecast to fall to 95 million metric tons (MMT) in marketing year (MY) 20/21 due to excessive beginning stocks following a buying spree in MY19/20.

This report contains FAS Nur-Sultan’s revised production forecasts for MY2020/21 as well as trade estimates for MY2019/20.

On October 16, Brazil announced that it would suspend the import tariffs on corn, soybeans, soy meal, and soy oil from countries outside the Mercosur trade bloc.

In 2020, Vietnam had to confront dual COVID-19 and African Swine Fever outbreaks, which affected both animal feed demand and domestic oil consumption.

On September 28, the European Commission (EC) approved Bayer’s herbicide tolerant soybean MON 87708 x MON 89788 x A5547-127, also known as XtendFlex.®

Post maintains its forecast for soybean planted area at 38.5 million hectares (ha) for 2020/21, up from 36.9 million ha in 2019/20.

Turkey’s Marketing Year (MY) 2020/21 sunflowerseed area and production is estimated at 720,000 hectares and 1.56 million MT (MMT).

Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 1 million metric tons (MT) to 19.7 million MT.

While trade tensions and China’s retaliatory tariffs slashed U.S. agricultural exports to China in 2018 and 2019,

The harvest of grains and rapeseed in the Czech Republic ended in the first week of September. Estimates are optimistic that the production of grains will reach above the 10-year average.

Following the conclusion of Bulgaria’s rapeseed harvest in late July, Ministry of Agriculture (MinAg) and industry reports indicate lower than expected yields and production.

Although oilseed growers in western and central Romania benefited from early-summer precipitation, farmers in eastern Romania experienced significant drought conditions throughout the growing season.