World: USDA has lowered the forecast for rapeseed and soybean harvest in Ukraine

As stated in the GrainTrade report, the forecast for sunflower production was increased by 0.14 million tons, while rapeseed and soybeans were reduced by 0.12 and 0.28 million tons, respectively. "Sunflower production estimates have been raised for Argentina and Moldova due to increased acreage, while soybean production forecasts have been lowered for Ukraine and rapeseed for the EU, Moldova and Ukraine due to low yields and reduced acreage," the analysts added. Compared to the estimates in September, the new soybean balance for FY 2024/25 is almost unchanged. The estimate of initial reserves was increased by 0.12 to 112.37 million tons (100.92 million tons in FY 2023/24). The forecast of world soybean production was reduced by 0.28 — to 428.92 million tons (394.71 million tons in 2023/24 MR and 378.4 million tons in 2022/23 MR), in particular for Ukraine — by 0.2, to 6.6 million tons and the USA - by 0.1, to 124.7 (113.34) million tons. For Brazil and Argentina, forecasts were ...