Country has seen planted area decline steadily since 2011.

The country does not grow soybeans in commercially significant quantities.

Crushing facility expanding production and new player entering market to supply feed mill.

If realized would be down 20% from 2016 total.

Soybean projection unchanged.

Corn production forecast raised 6.1% for 2016-17.

Higher rainfall leads to increased production and lower prices.

This policy will lead to a decrease in the overall demand for other feed grains.

Fewer wheat imports are expected due to higher production coupled with fewer export volumes.

The new tax applies to about 80 products, some of which are grain and feed products.