According to preliminary estimates Argentina can collect 40 million tons of soybeans
According to Grain exchange Buenos Aires, dry weather speeds up the harvesting of soybeans, however the crop condition continues to deteriorate. Threshed 8.8% of the area, mostly in the Northern regions. Depending on the region, yield is in the range of 2.1-4.3 t/ha, and the average is 2.52 t/ha.
Forecast soybean production experts BAGE left to reach 39.5 million tons.
In Chicago prices for soy beans and meal declined slightly in anticipation of the release of the report USDA according to the forecast of the acreage and evaluation of residues, which will be released today.
the possible restrictions on imports of soybeans by China, the US remains open. Analysts Oil World think in this season, the dependence of China on imports of U.S. soybeans will continue. Even if China will increase purchases of soybeans from Brazil, high level of consumption will make the country purchase a minimum of 26-29 million tonnes of soybeans in the United States. Therefore, experts believe that the additional import duties on U.S. soybeans China will not enter.
estimates Oil World in 2017/18 MG South American countries will reduce in comparison with the previous season, soybean production is 16.2 million tonnes to 168,6 mln t, in particular:
Paraguay 9.4 (-0,65) mln t,
Uruguay to 2.5 (-0,9) mln t,
Bolivia to 2.2 (-0,5) million tons.
- Argentina to 39 (-15,6) mln t,
While Brazil will increase production from 114 to 115.5 million tonnes, while other agencies estimate this figure at the level of 116.5-117,5 million tonnes.