Post forecasts 2017/18 and 2016/17 soybean production to 105 and 114 million metric tons (mmt), respectively. The reduction in the production outlook for 2017/18 is due to a return to trend yields, after an almost perfect season in 2016/17. For the first four months of Marketing Year 2016/17, which started in February, soybean exports are already 11.5 percent higher compared to last year. Post forecasts MY 2016/17 exports at 64 mmt, a record.
Brazil: Oilseeds and Products Update