According to preliminary data on harvesting progress, 2.86 Ml ha had been planted to soybeans by June 20, i.e. 5% more than a year earlier, but 6.2% less than projected (3.05 Ml ha).
A shortfall in planting in the Far East (-17%) because of adverse weather will partially be offset by above-forecast planted areas in the Central, Volga and Siberian federal districts (+3.1%, +10.6%, +32%, respectively).
In opinion of UkrAgroConsult, in case of a yield at the five-year average, the soybean crop in Russia will manage to obtain a new all-time high. If the soybean yield rises compared to a five-year average level, this record will be even more.
Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp.com by UkrAgroConsult. AgriSupp.com is a reliable analytical tool for agri market participants that contains historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 2-week trial! Completely free!
Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.
‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.
More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.
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