Brazil: Oilseeds and Products Update
A record Brazilian soybean crop of 94 million metric tons (mmt) is forecast for the 2014/15 marketing year (MY) as a result of increased planted area. Crush for the 2014/15 MY is forecast at 37.5 mmt to meet increased biodiesel mandate (B7). Post forecasts exports at a record 49 mmt for 2014/15 MY, up one percent from the previous year, despite relatively slow pace of sales to date.
