"Global oilseed production is projected at 580.1 million tons, up 0.5 million.  Soybean production is raised 0.1 million tons to 348.6 million on gains for Brazil and the EU that are partly offset by lower production for Argentina and the United States.  The Brazil soybean crop is increased 2 million tons to 110 million reflecting higher yield estimates in recent government reports.  Soybean production for Argentina is reduced 1 million tons to 56 million on lower area planted to date, particularly in northern Argentina.  Other changes include higher rapeseed production for Ukraine and lower sunflowerseed production for Argentina." source - USDA  ...