Soybean Export Will Grow By Nearly 5 Mln Tons In 2016 – 2017

Soybean export will be 140.54 mln tons in 2016 – 2017, which is nearly 5 mln tons more than the previous season – 135.75 mln tons. Information comes from the latest Oil World forecast.

Soybean export from the USA will be the biggest – 57.8 mln tons versus 52.74 mln tons in 2015 – 2016. 73.87 mln tons of soybean (74.84) will be exported from South America. 9.15 mln tons of soybean (10.3) will be exported from Argentina with 56.31 mln tons (56.6) exported from Brazil, 5.3 mln tons (5.35) will be exported from Paraguay and 3.1 mln tons from Uruguay (2.51).

Export from Canada will be 4.35 mln tons (4.2) while export from Ukraine will be 2.65 mln tons (2.37).