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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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