Malaysia palm oil production and stocks to rise in my 2017/18

Production for MY2017/18 remained within Posts forecast of 21 million tons. Post El-Nino recovery will see production increase by month-on-month basis and will peak on third and last quarter of MY 2017/18. Total harvested area in 2017/18 is projected to increase to 5.2 million hectares.

Argentine soy planting pushed by drought into mid-January

The drought afflicting Argentina’s soy belt is expected to worsen this week, pushing farmers to risk planting later than usual and raising the risk of frosts later in the season. With an estimated 2.25 million hectares yet to be sown. Rainfall should improve between Jan. 15 and Jan. 20. But until then there will be no important rains.