According to information from market operators, farmers in Argentina will start soybean harvesting in two weeks’ time. First yield soybean is now ripening.
According to an FAS USDA forecast, in 2017 – 2018 oilseed yield in Turkey (sunflower, soybean and cotton) will grow by 11% versus the current season up to 2.71 mln tons.
During the current year, American farmers will reduce corn and wheat areas at the expense of soybean. Soybean will be sowed on record high areas according to Allendale Inc.
According to USDA's March report, the estimate for oilseed yields in the Balck Sea region in 2016 – 2017 has been increased by 120,000 tons up to 26.811mln tons.
AgRural reported that, as of March 9, 2017 56% of soybean areas in Brazil have been harvested, which is 4% higher than the previous year and 9% more than the average index for the past five years.
Oil World reported that 1.41 mln tons of rapeseed were exported from Canada in January 2017 – a record monthly level. Export was 0.62 mln tons in January 2016.
In the current season (October - January 2016 – 2017), India is reducing oilseed oil purchases by 21% versus the same period of the previous year from 4.39 mln tons to 3.49 mln tons.
Oil World reported that, in January 2017, the three key rapeseed exporters in the world exported 0.73 mln tons more than January 2016. Export reached 1.84 mln tons.
