Browse Data and Analysis

Argentina’s oilseed sector enters marketing year (MY) 2025/2026 with diverging trajectories across key crops. Soybean area is forecast to contract by nearly one million hectares as producers revert to traditional corn rotations following a soy-heavy year driven by pest concerns.

FAS/Pretoria’s Oilseeds and Products annual report provides information on the production, supply, and distribution for soybean, sunflowerseed, and rapeseed in South Africa for marketing year (MY) 2023/24, MY 2024/25, and MY 2025/26.

In the marketing year (MY) 2025/2026, Mexico is forecast to increase its oilseed crush due to rising demand for vegetable oil and animal feed.

Production of oilseeds (including canola, soybeans, and sunflower seeds) is forecast to increase only marginally in MY 2025/26 over the previous marketing year, reaching 25.57 million MT.

Post forecasts that Brazilian producers will expand soybean planted area to 48.2 million hectares (ha) in the 2025/26 season, up from an estimated 47.3 million ha in 2024/25.

Argentina’s oilseed sector faces a mixed outlook in MY 2024/25, Post lowers soybean production to 49 MMT, impacted by drought but showing signs of recovery, while sunflower (4 MMT) and peanut (1.605 MMT) production remain strong.

Post maintains the previous forecast for marketing year (MY) 2024/25 for Argentina's soybean production at 52 million metric tons (MMT), consistent with the USDA's official estimate.

Post increases marketing year (MY) 2024/2025 soybean production to reach 52 million metric tons (MMT), up 1 MMT higher than USDA official and Post’s previous estimate on 17.2 million hectares (MHA) harvested as producers shift to more soy away from corn over fears of the impact of corn stunt (leafhopper/Chicharrita) in corn, continued low prices, and expected dry conditions.

Post increased its estimate for soybean production in 2024/25 to 161 million metric tons (MMT), from the previous estimate of 160 MMT.

Côte d’Ivoire ranks as Africa’s second largest producer of crude palm oil (CPO); trailing just behind Nigeria’s production, it is a pivotal player in the sub-Saharan regional market.

Côte d'Ivoire is one of the leading producers of palm oil in Africa, with annual production exceeding 500,000 metric tons since 2018. The country consumes over 75% of its palm oil production domestically, with palm oil being a staple for 90% of the population. The high domestic demand for palm oil outstrips supply, creating intense competition for fresh fruit bunches (FFB).

Post forecasts Argentina soybean production at 51 million metric tons (MMT) in marketing year (MY) 2024/2025 as production returns to assuming good weather in the year ahead and increased soy planting at the expense of wheat and corn, particularly in late or second crop soy.