As we approach the end of 2012, it is worth taking a look back at the year's major events in the oilseeds sector and what may be in store in 2013. Perhaps at no other time in history has the oilseeds sector been more volatile and so important. A Look Back at 2012 The key word for 2012 was drought. Argentina, Brazil and Paraguay all suffered major droughts in the first half of the year that cut their soybean production by a combined 21.1 MMT, or 15.9 percent. Argentina and Paraguay were impacted the most in percentage terms, but Brazil saw the largest decline in its output of 8.8 MMT.The second half of the year saw the U.S. also impacted by a severe drought. However, owing to late rains in the Mississippi Valley and the eastern Corn Belt...