NEWS
Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri May 22, 2015 04:10 PM CDT

The most recent USDA Oilseeds: World Markets and Trade report forecasts global oilseed production to fall .7% in 2015/16 from last year's record global production. While soybean production is forecast to be slightly higher, drops in production in other oilseeds such as canola has resulted in an overall drop in production. Global oilseed supplies are expected to rise 3% in 2015/16, given record carry-overs.

Current forecasts show global rapeseed/canola production to fall 4.9% or 3.5 million metric tons in 2015/16 to 68.12 mmt. This would be the first drop in global production in five years after growing from an estimated ...

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