USDA: Black Sea oilseed crop raised to 44 MMT
In the January report, the USDA raised its forecast for the Black Sea oilseed crop to 44 MMT (+0.5 MMT thanks to an increase in Russian sunflower seed production):
- sunseed – 30.61 MMT (+0.5 MMT);
- soybeans – 7.51 MMT;
- rapeseed – 5.84 MMT.
As expected, oilseed complex prices are supported by the January USDA report, UkrAgroConsult reports.
USDA: Oilseed production estimates for Black Sea and CIS countries, KMT
| Sunseed | Soybeans | Rapeseed | ||||
| 2020/21
January |
2020/21
December |
2020/21
January |
2020/21
December |
2020/21
January |
2020/21
December |
|
| Ukraine | 14 000 | 14 000 | 14 000 | 14 000 | 2 500 | 2 500 |
| Russia | 13 500 | 13 000 | 13 000 | 13 000 | 2 500 | 2 500 |
| Kazakhstan | 750 | 750 | 750 | 750 | 125 | 125 |
| Moldova | 800 | 800 | 800 | 800 | 70 | 70 |
| Turkey | 1 560 | 1 560 | 1 560 | 1 560 | 95 | 95 |
| Belarus | – | – | – | – | 550 | 550 |
| Total | 30 610 | 30 110 | 30 110 | 30 110 | 5 840 | 5 840 |
More detailed information on the latest trends in oilseeds/vegoils exports, supply and demand balances with breakdown by crop, price behavior, crop conditions and progress in harvesting/planting in the countries of Black Sea Region is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 7-day free trial!!
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