United States Department of Agriculture (USDA) eatimates worldwide oilseeds production for 2019-20 at 463.6 million tons, down three.Four million on lower soybean, cottonseed, sunflowerseed, and rapeseed production.
Soybean production for India is reduced 2.Zero million heaps to nine.Zero million on lower yields resulting from immoderate past due-season rainfall. Soybean manufacturing is also reduced for Canada on lower yields. Other production modifications include decrease sunflowerseed production for Argentina and lower rapeseed production for Australia and the European Union.
Foreign soybean weigh down changes for 2019/20 include reductions for India, China, and Canada. Foreign soybean ending stocks for 2019/20 are reduced with lower projections for Argentina, Canada, and India most effective partially offset with higher forecasts for Brazil and Egypt.
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