The forecast of soybean production in South America substantially reduced
In their latest report analysts of Oil World revised its forecast of gross harvest of soybeans in the season 2015/16 MG for the countries of South America. Now he is reduced to 4.9 million tons up to 168.3 million tonnes, so inferior to last year's results 171,65 million tons.
the Reason for this review was the excessive precipitation that was observed throughout much of the soybean belt of Argentina and part of the acreage of Uruguay.
For producers of soya forecasts of gross yield are reduced as follows:
- for Argentina by 3 million tons to 55 million tons against last year's 60 million tons,
- to Uruguay by 0.4 million tons to 2.9 million tons compared to 3.4 million tons last year,
- for Brazil by 1.5 million tons up to 98.5 million tons, which will still exceed last year's 97 million tons.
But in Bolivia and Paraguay, the soybean crop will not only remain unchanged relative to the previous forecast, but will exceed last year's figures:
- in Bolivia will gather 9.2 million tonnes against last year's 8.6 million tone,
- in Paraguay, 2.7 million tons against last year's 2.65 million tons.
the report noted that yield losses of soybeans in South America will lead to reduction of soybean stocks in the region and globally.