USDA lowered the forecast for global oilseed production, particularly for sunflower in the Black Sea region and for soybeans in the U.S., which led to a rise in quotations.
The USDA lowered the forecast for global oilseed production, particularly for sunflower in the Black Sea region and soybeans in the U.S., which led to a rise in quotations.
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In the August world balance of oilseeds for 2025/26 MY, FAS USDA experts reduced the forecast of global oilseed production by 3.3 million tons to 690.11 million tons compared to July estimates, which is still 1.2% higher than the previous season's figure of 681.76 million tons (in 2023/24 MY - 658.08 million tons). The forecast of global soybean production was reduced by 1.29 million tons to 426.39 (424) million tons due to a decrease in the estimate for the USA (although analysts expected an increase in the harvest), sunflower - by 1.2 million tons to 55.1 (52.5) million tons due to reduced production in Ukraine, the EU, Turkey, and Serbia, cotton - by 0.81 million tons to 40.44 (41.05) million tons, while the forecast for the rapeseed crop was left at 89.58 (85.65) million tons. According to the USDA, global oilseed processing in 2025/26 MY will decrease by 1.28 million tons to 580.5 (563.4) million tons due to reduced sunflower processing. The forecast of global ending stocks ...