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This report contains FAS Nur-Sultan’s revised production forecasts for MY2020/21 as well as trade estimates for MY2019/20.
On October 16, Brazil announced that it would suspend the import tariffs on corn, soybeans, soy meal, and soy oil from countries outside the Mercosur trade bloc.
In 2020, Vietnam had to confront dual COVID-19 and African Swine Fever outbreaks, which affected both animal feed demand and domestic oil consumption.
On September 28, the European Commission (EC) approved Bayer’s herbicide tolerant soybean MON 87708 x MON 89788 x A5547-127, also known as XtendFlex.®
Post maintains its forecast for soybean planted area at 38.5 million hectares (ha) for 2020/21, up from 36.9 million ha in 2019/20.
Turkey’s Marketing Year (MY) 2020/21 sunflowerseed area and production is estimated at 720,000 hectares and 1.56 million MT (MMT).
Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 1 million metric tons (MT) to 19.7 million MT.
Venezuela offers growing opportunities for U.S. agricultural exports, despite strong competition and other challenges.
Post forecasts Brazil's 2013/14 soybean production at a record 85 million metric tons.
A look at U.S. exports to South Korea in the year since since the United States-Korea Free Trade Agreement entered into force.
Acreage is expected to decline but yields are forecast to return to normal for Canada's 2013 oilseeds crop, which should result in greater supplies.