Brazil: Oilseeds and Products Update
Post forecasts the 2015/16 soybean production at a record of 98.5 million metric tons despite the slow planting start for the second year in a row in the center-west region. The export forecast was increased to 55 MMT due to the high pace of commercialization and the weaker Brazilian Real. Domestic soybean crush is forecast at 40 MMT to meet biodiesel mandates by the Government of Brazil and the slight growth by the animal feed sector.
