Brazil: Oilseeds and Products Annual

Post forecasts 2018/19 soybean production at 115 million metric tons (mmt), the second largest crop on record. The 2018/19 planted area is forecast to increase to a record of 35.8 million hectares due to higher prices, higher expected demand by Chinese buyers, and an increase in domestic consumption. Exports for the 2018/19 Marketing Year are forecast at 67 mmt and soybeans destined for processing will reach a record of 44 mmt due to the economic recovery and new biodiesel blending mandate.

Brazil: Oilseeds and Products Annual