Argentina: Soybeans Yield To Grow By 0.7 Mln Tons In 2017 – 2018

According to the latest Oil World forecast, soybeans yield in Argentina will reach 56 mln tons in 2017 – 2018 (+0.7 mln tons versus 2016 – 2017). The result will be lower than the 2015 – 2016 average – 60 mln tons.

Domestic soybeans processing will be 43.5 mln tons (42.94), export will be 9.5 mln tons, which is 0.5 mln tons more thanthe current year, but 2.15 mln tons lower than 2015 – 2016.

Soybeans import in Argentina will be 1.52mln tons (1.09) in the new seaosn.

Soybeans ending stocks in the country will be 7.8 mln tons (6.8).