This season’s upward trend in monthly volumes of soybean oil production brings it to record levels. So, a record 426.6 KMT was produced during the first seven months of the 2017/18 season (September-March) that is up 15% on the year. Soybean crushing in Russia slowed down in March 2018. Soybean oil production decreased 9.5% that month against February 2018, to 56 KMT. However, this is up 27% from 44.1 KMT in March 2017 and an all-time high for this month. Despite of increase in soybean processing in the current season, Russian soybean shipments to foreign markets in MY 2017/18 (September-February) remained at the highest level. They totaled 465.3 KMT, i.e. 26% more than in the whole of MY 2016/17 (368.3 KMT). In the current 2017/18 season, Russia’s export trade in soybeans is focused on key importers. So, exports to China increased significantly. China’s share in total exports rose to 96% against 84% a year ago. Iran accounted for almost 4%. Russia started supplying soybeans to the Iranian market in MY 2016/17.