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Argentine wheat production for crop 2015/16 is forecast down at 12 million tons due to a projected smaller planted area.
Post forecasts 2015/16 soybean area at 20.3 million hectares, marginally lower than Post’s 2014/15 area estimate, though up 2.5 percent from USDA 2014/15 estimates.
The Post New MY 2015/16 total Mexican oilseed production forecast decreased slightly to 482,000 metric tons (MT) based on a slight decrease in harvested area.
Soybean and soybean meal imports are expected to increase in MY2014/15 and MY2015/16.
Export prices further declined about 1 percent, as off-season rice harvest continues to keep supplies large.
Total EU-28 oilseeds production for marketing year (MY) 2015/16 is expected to decline by about 9 percent to 32 million metric tons (MMT).
In a time of tight margins due to lower commodity prices, only soybeans make financial sense.
Moscow city officials recently passed a law banning the sale of alcoholic energy drinks in the capital. In addition, only adults who present identification will be served non-alcoholic energy drinks.
Trinidad and Tobago’s Ministry of Food Production reconfirmed the U.S. competent authorities recognized for certification of dairy products & foods that contain a dairy component sourced from the U.S.
Barbados Ministry of Agriculture reconfirmed the U.S. competent authorities recognized for certification of dairy products and foods that contain a dairy component sourced from the United States.
Post’s MY 2015/16 wheat production forecast has been lowered to 92 million metric tons (MMT) on crop damage due to untimely rains in the first fortnight of March.
Taiwan CY2015 hog and poultry production are estimated to decrease 3% and 6%, respectively, due to ongoing disease issues.