USDA: Black Sea oilseed crop raised to 44.1 MMT
In the February report, the USDA raised its forecast for the Black Sea oilseed crop to 44.1 MMT (+0.1 MMT thanks to an increase in Kazakh sunflower and rapeseed production):
– sunseed – 30.7 MMT (+0.094 MMT);
– soybeans – 7.51 MMT;
– rapeseed – 5.87 MMT (+0.028 MMT).
As expected, oilseed complex prices are supported by the February USDA report.
USDA: Oilseed production estimates for Black Sea and CIS countries, KMT
| Sunseed | Soybeans | Rapeseed | ||||
| 2020/21
February |
2020/21
January |
2020/21
February |
2020/21
January |
2020/21
February |
2020/21
January |
|
| Ukraine | 14 000 | 14 000 | 3 100 | 3 100 | 2 500 | 2 500 |
| Russia | 13 500 | 13 500 | 4 300 | 4 300 | 2 500 | 2 500 |
| Kazakhstan | 844 | 750 | – | – | 153 | 125 |
| Moldova | 800 | 800 | – | – | 70 | 70 |
| Turkey | 1 560 | 1 560 | 110 | 110 | 95 | 95 |
| Belarus | – | – | – | – | 550 | 550 |
| Total | 30 704 | 30 610 | 7 510 | 7 510 | 5 868 | 5 840 |
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