Global soybean production is projected at 314.4 million tons, up 1.6 million on gains for Brazil and the United States. The Brazil soybean crop projection is raised 1.5 million tons to a record 95.5 million. The increase is based on higher projected yields for major producing states including Mato Grosso and Parana. Soybean production is reduced for India on lower yields reflecting late planting and a short monsoon season. Several years of historical revisions are also made for India soybean production. Other changes include increased soybean production for Bolivia, increased soybean and sunflowerseed production for EU, and reduced cottonseed production for India.
Download the full WASDE report (Released January 12, 2015) (PDF)