Brief about Gobbee Presentation at the Oilseeds and Grain Summit in Minneapolis November 2016

1. PROSPECTS FOR INCREASED COMPETITION
FROM BRAZIL AND ARGENTINA
José Gobbée

2. PRESENTATION OUTLINE
 Current crop season
 Soybean
 Corn
 Prospects for increased competition in next 5
to 10 years
 Brazil
 Argentina
 Conclusions and Takeaways

3. ACREAGE INCREASE IN BRAZIL WILL CONTINUE
MAINLY FROM MATO GROSSO
Mato Grosso
30%
RGDS
14%
Parana
10%
Goias
8%
MG do Sul
7%
MAPITOBA
13%
Minas
7%
Other
11%

4. ARGENTINA WILL EXPAND SIGNIFICANTLY CORN
PRODUCTION
0
10
20
30
40
50
60
70
Corn Soybean Wheat
MM TONS
2010/11 2015/2016 2025/26
Source @jgobbee