This will be the result of the estimated high soybean export from Brazil, which will be 61 mln tons in 2017, +9.4 mln tons more than 2016.

It is quite likely that soybean export from Brazil will be higher as a result of the growth of the new yield on last season's yield – 12 – 15 mln tons. 4.84 mln tons of soybean were exported from Brazil between March 1 and March 19 versus 4.72 mln tons exported a year earlier. Export was lower in the last days of the period due to worse weather conditions and straikes at some ports. Nevertheless, the total March export is expected to reach 9 mln tons (8.37).