World Oilseed Output Still Rising
WASHINGTON - Apr 9/10 - SNS -- Global oilseed production for 2009-10 is projected at 436.7 million metric tons (MT), up 1.4 million MT from last month, according to the latest USDA World Agricultural Outlook Board
Higher soybean, peanut, and cottonseed production more than offsets lower rapeseed and sunflowerseed production. Global soybean production is increased 1.6 million MT to 257.5 million.
Soybean production for Argentina is projected at 54.0 million MT, up 1 million from last month as favorable late-season weather further improves yield prospects. Soybean production for Brazil is projected at 67.5 million MT, up 0.5 million, also based on higher yields.
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