November USDА report: oilseed production estimates for Black Sea countries


The forecasts for 2016/17 oilseed production in Black Sea countries did not change substantially in the November USDA report, informs UkrAgroConsult. The adjustments only concerned Russia. So, after another cut a month ago, the soybean output forecast for Russia was raised to 3 MMT (up 300 KMT from the previous estimate).

Also, the USDA report presents increased soybean export estimates for the Black Sea region, specifically for Ukraine and Russia. The soybean export forecasts were boosted by 50 KMT both for Ukraine and Russia, to 2.35 MMT and 0.45 MMT, respectively.

More detailed information on USDA updated estimates are available to subscribers for weekly market report "Black Sea Grain & Oil" by UkrAgroConsult.  



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