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USDA pegs 2014/15 global soybean production at 314.4 mmt, up 1.6 mmt

Global production of soybeans in 2014/15 is forecast up 1.6 million metric tons this month to 314.4 million. Favorable moisture conditions led USDA to forecast a higher Brazil soybean yield this month, which increased the 2014/15 production estimate by 1.5 million tons to 95.5 million. The pressure of large U.S. stocks is seen swelling Brazil soybean stocks in September to 25.8 million tons compared to 16.5 million a year earlier.

January 21, 2015

Global production of soybeans in 2014/15 is forecast up 1.6 million metric tons this month to 314.4 million. Favorable moisture conditions led USDA to forecast a higher Brazil soybean yield this month, which increased the 2014/15 production estimate by 1.5 million tons to 95.5 million. The pressure of large U.S. stocks is seen swelling Brazil soybean stocks in September to 25.8 million tons compared to 16.5 million a year earlier.

The January 2015 Oil Crops Outlook analyzes the major changes and events in the world market for oilseeds and oilseed products.

Download the full USDA ERS Oil Crops Outlook No. (OCS-15A) 11 pp, January 2015 (PDF) 

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