Brazil: Oilseeds and Products Update
Post maintains the 2018/19 marketing year (MY) forecast of just over 36 million hectares (ha) of area planted, but the soybean production forecast is reduced to 115.5 million metric tons (mmt). Dry and hot temperatures affected vast portions of key soybean growing regions, and as a result soybean yields are expected to drop across Brazil in 2018/19. Post cut the export forecast to 70 mmt for 2018/19 MY, which is a 16 percent reduction on the current season’s projected blockbuster exports of 84 mmt.
