The harvest of soybeans in South America in 2017/18 MG will be reduced by 9 million tons compared to the current season - up to 173.4 million tons. Taking into account unfavorable weather conditions this decrease may be more, according to The Soybean & Corn Adviser.

The greatest decline in gross harvest of oilseeds is projected in Brazil, with 114 million tons in 2016/17 MG to 107 million tonnes, despite the expansion of cultivated areas by 1-2%.

As noted, in this season, high volumes of production were achieved thanks to record yields, which in some regions has exceeded the maximum before the result of 15-20%. However, in the next season, as expected, the productivity of Brazilian soybeans will return to average standards.

Soybean production in Argentina decreased slightly by 0.8 million tonnes, to 57 million tons due to the fact that many farmers prefer to expand the area under maize at the expense of soybeans.

In Paraguay, the third key producing centre of South America, the oilseeds harvest could reach 9.4 million tons against 10.6 million tonnes in 2016/17 MG, which will serve as the lower yields and uncertainty regarding the possible introduction of export duties on soybeans