Brazil: Oilseeds and Products Update

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A record Brazilian soybean crop of 97 million metric tons (mmt) is forecast for the 2015/16 marketing year (MY) as a result of a slight increase in planted area. Despite lower global soybean prices, the weak Brazilian Real is compensating with higher domestic prices and is encouraging farmers to increase area. Crush for the 2015/16 MY is forecast at 40 mmt to meet increased biodiesel mandate (B7) and demands from the animal feed sector. Post forecasts exports at a record of 53.5 mmt for 2015/16 MY due to the weaker Brazilian Real, which is making Brazilian soybeans more competitive.

Brazil: Oilseeds and Products Update

Western Hemisphere, Brazil
Oilseeds, Soybeans

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