Lower yields reflect excessive June rainfall, mainly in France. Other changes include
increased soybean production for Canada and increased peanut production for the United
States. Cottonseed production is reduced for India and Pakistan with partly offsetting increases
for the United States and Australia. Global oilseed ending stocks for 2016/17 are projected at
76.1 million tons, up 1.0 million with higher soybean, rapeseed, and sunflowerseed stocks only
partly offset with lower peanut stocks. Global vegetable oil stocks are raised mainly reflecting
historical revisions for Indonesia.