Brazil: Oilseeds and Products Annual

Post forecasts that Brazil will maintain its position as an oilseed production powerhouse in the 2019/20 marketing year. Soybean planted area is forecast to rise only modestly, but with yields recovering from the current drought, production should top records once again with 124 million metric tons (mmt) in the hopper. Cottonseed and peanut planted areas and production volumes are also forecast to continue expanding. Post forecasts soybean exports to recover to 75 mmt next season, but fall short of the banner 2017/18 season. Post estimates that adverse weather will significantly undercut soybean yields, with harvest expected under 114 mmt, well below the initial expectations. In addition to lower yields, Brazilian producers are also expected to face rising costs of doing business.

Brazil: Oilseeds and Products Annual