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Oilseeds

Global oilseed production for 2014/15 is projected at a record 532.4 million tons, up 1.6 million on increases for soybeans, sunflowerseed, rapeseed, and peanuts. Global soybean production is projected at 314.4 million tons, up 1.6 million on gains for Brazil and the United States. The Brazil soybean crop projection is raised 1.5 million tons to a record 95.5 million. The increase is based on higher projected yields for major producing states including Mato Grosso and Parana. Soybean production is reduced for India on lower yields reflecting late planting and a short monsoon season. Several years of historical revisions are also made for India soybean production. Other changes include increased soybean production for Bolivia, increased soybean and sunflowerseed production for EU, and reduced cottonseed production for India.

Global oilseed trade for 2014/15 is projected at 135.7 million tons, up 0.4 million from last month. Increased soybean exports for the United States and increased rapeseed export prospects for Canada account for most of the change.

Global oilseed ending stocks are projected at 104.7 million tons, up 0.6 million on increased soybean stocks in Brazil which are partly offset by lower soybean stocks in EU and lower canola stocks in Canada.