The forecasts for 2016/2017 oilseed production in Black Sea countries did not change substantially in the October USDA report.
The adjustments only concerned Russia. So, after another cut a month ago, the soybean output forecast for Russia was raised to 3 MMT (up by 300 KMT from the previous estimate).
Also, the USDA report presents increased soybean export estimates for the Black Sea region, specifically for Ukraine and Russia. The soybean export forecasts were boosted by 50 KMT both for Ukraine and Russia, to 2.35 MMT and 0.45 MMT, respectively. (UkrAgroConsult/Business World Magazine)
