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Canadian biofuel production remains below what Post estimates is needed to meet federal standards. Limited production makes it unlikely Canada will become a major player in the global ethanol market.
A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.
The ability of U.S. agricultural and food exporters to penetrate the growing EU market is constrained by tariff and non-tariff trade barriers and increased global competition.