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Robust soybean planting in Cordoba province and smooth planting in the rest of the country are trending national production area towards the 2014/15 soybean forecast of 21 million hectares.
Post’s October forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14.
Post reduced its 2014/15 production forecast to 92 mmt, still a record, based on a lower national yield.
The Canadian renewable fuels industry is coming close to reaching its medium term domestic production capacity.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.
Unusually rainy weather along with cooler temperatures this year made the season challenging for the farmers.
Domestically grown protein crops were the focus of a recent symposium hosted by the German Government.
Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons.
Pakistan recently purchased 40,000 metric tons of U.S. soybean meal.
Post forecasts a 14% increase in Zimbabwe’s total oilseed production in the 2014/15 MY, to 359,000 tons, due to a strong demand from oilseed processors as oilseed crushing is starting to recover.
On August 7, 2014, Taiwan’s Agriculture and Food Agency (AFA) of Council of Agriculture (COA) began screening for genetically engineered (GE) materials in organic soybeans.
The 2014/15 soybean production forecast is maintained at 94 million metric tons (MT) despite slow pace of plantings in Mato Grosso.