Argentina: Oilseeds and Products Update
2015/16 soybean production area is unchanged at 20 million hectares with production forecast at 57 million tons. Lower soybean area in less profitable regions is expected to be offset by a shift to soybeans from planting corn and wheat. Low economic returns, a strong currency, and political uncertainty, are exerting downward pressure on overall grains and oilseed area. 2015/16 sunflower production is revised up significantly to 3.2 million tons based on favorable conditions.
