The downward adjustment was primarily due to the expected decrease in yield of oilseeds in Argentina - 47 (54; 57,8) million. At the same time, this figure was increased for Brazil to 113 (112; 114,1) million tons.
Also, experts have lowered the forecast of world exports, and ending stocks of soybeans in 2017/18 MG - 150,6 to (-1,3) million tons of 94.4 and (-3,7) million tons respectively.
In particular, the export forecast was lowered for Argentina to 6.8 (8.5 in; 7) million tons and the United States to 56.2 (57,1; 59,1) million tons, but slightly increased for Brazil to 70.5 (69; of 63.1 mln tonnes). Index of ending stocks was lowered for Argentina to 31.2 (35; 36,2 mln tonnes), and Brazil – to 21.6 (22,4; 25,4) million tons and increased for the United States to 15.1 (14.4 V; 8,2) million tons.
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Translated by service "Yandex.Translation"