This forecast is ahead of the figure for the previous crop year by 5.4 million tonnes.

Import in the country, according to current analyst expectations in the forecast period will be insignificant and will be about 100 thousand tons. In the season 2016/17 external purchases are also estimated in 100 thousand tons.

Soybean exports from Brazil to the season 2017/18 is projected at 57.7 million tons, 2.8 million tons more than in the previous season.

Consumption of oilseeds in Brazil in the period under review, according to the latest estimates, could increase to 43.4 million tons compared to 42,1 million tonnes expected a year earlier.

Ending stocks of soybeans in the country in the season 2017/18 is projected to be 0.7 million tonnes. Compared to the previous year, analysts adjusted their forecast for 0.2 million tons in the smaller side.