# In 2017 – 2018г. global production of oil meals will reach a new record

> Oil World estimates record global oilmeal output of 349.9 million tonnes in 2017-18, up 10.8 million from 2016-17. Soybean production is forecast to rise 9.1 million tonnes to 231 million, while sunflower output is forecast about 1% lower at 19.2 million tonnes.

- Date: 2017-06-29 · published 2017-06-29T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/70616-in-2017-2018-global-production-of-oil-meals-will-reach-a-new-record
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A record oilmeal supply with rising stocks is bearish for protein meal prices, especially soybean meal, as growing supply outpaces demand.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2017-07-28 | [Global soybean meal production will be at record high in 2017 - 2018.](https://feedsoft.ai/events/70042-global-soybean-meal-production-will-be-at-record-high-in-2017-2018.md) | -5.0% | -7.7% |
| SBM | 2016-12-24 | [Increasing global production of oilseeds - Benison Media](https://feedsoft.ai/events/73614-increasing-global-production-of-oilseeds-benison-media.md) | +0.1% | +11.5% |
| SBM | 2023-12-11 | [USDA experts raised forecasts for global production of edible oils and meals](https://feedsoft.ai/events/32819-usda-experts-raised-forecasts-for-global-production-of-edible-oils-and-meals.md) | -3.5% | -10.2% |
| SBM | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -3.9% | -1.4% |
| SBM | 2018-10-18 | [In 2018/19 MY, Ukraine to increase the production of vegetable oils and meals — APK-Inform](https://feedsoft.ai/events/62658-in-2018-19-my-ukraine-to-increase-the-production-of-vegetable-oils-and-meals.md) | -5.4% | -5.6% |
| SOY | 2016-12-24 | [Increasing global production of oilseeds - Benison Media](https://feedsoft.ai/events/73614-increasing-global-production-of-oilseeds-benison-media.md) | -0.2% | +6.7% |
| SOY | 2026-07-17 | [Global grain production to fall by 69 mln tons after record harvest](https://feedsoft.ai/events/5065-global-grain-production-to-fall-by-69-mln-tons-after-record-harvest.md) | +3.6% | -2.2% |
| SOY | 2017-08-10 | [USDA Forecasts Record-High Soybean Production in 2017](https://feedsoft.ai/events/69299-usda-forecasts-record-high-soybean-production-in-2017.md) | -4.3% | +0.0% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12797

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.