Global Oilseed Output forecast Raised on Larger Soybean Supply | Global AgInvesting

Global Oilseed Output forecast Raised on Larger Soybean Supply

Global Oilseed Output forecast Raised on Larger Soybean Supply

According to Oil World output of seven major oilseeds in 2012-13 may be larger than forecasted.  Output could reach 456.1 million metric tons – 1.3 million tons more than expected a month ago and 5.8% more than last season.  Soybean production in five major South American countries may be 143.6 million tons as U.S. soybean production may be 82.4 million tons – up 350,000 tons from previous forecasts. Soybean exports from South America in the month of April were 9.3 million tons – the highest in history.  Total global production of soybeans in 2012-13 may be 266 million tons as rapeseed output may reach 62.5 million tons.

 

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