Argentina: Oilseeds and Products Update
With the 2014/15 soybean planting virtually 100 percent complete, Post adjusts soybean planted estimate slightly down to 20.8 million hectares. Post maintains 2014/15 soybean production at 57 million metric tons (mmt), as excellent weather is poised to increase yields and thereby offset the reduction in planted area. Farmer surveys indicate that area planted to peanuts is estimated up six percent above the official USDA estimate, at 385,000 hectares. Sunflower oil prices have proven themselves the least vulnerable to commodity price drops, and crush is estimated at 2.4 mmt.
