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Production of oilseeds (including canola, soybeans, and sunflower seeds) is forecast to increase only marginally in MY 2025/26 over the previous marketing year, reaching 25.57 million MT.
The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.
FAS/Ottawa forecasts oilseed crush capacity (the estimated maximum rate of crushing at which a mill can operate continuously while maintaining a proper level of efficiency) reached 12.99 million metric tons (MMT) in March 2024 and will reach 15.14 MMT by the end of the 2025 calendar year, up from 11.23 MMT in 2023.
During a national oilseeds conference, industry representatives noted that domestic oilseed production increased from 2.5 million hectares in 2020 to 3.4. million hectares in 2022, and they further expect production to reach 5 million hectares by 2027.
The 2022 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2022 calendar year.
FY2022 agricultural exports reach record levels.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
Canola ending stocks are forecast to close marketing year (MY) 2021/22 at just 15 percent of the five-year average, driven by reduced yield due to drought and strong global demand for oilseeds. Assuming a return to average yields, canola exports are forecast to nearly double in MY 2022/23, driven by strong global demand for oilseeds and a rebuilding of exportable supplies.
FY2021 agricultural exports reach record levels.
A look at how U.S. agricultural exports performed in 2020.
The 2020 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world. This summary lists only the United States’ primary trading partners.
Canadian grain and oilseed producers are closely monitoring several recent developments related to carbon usage that will impact their cost of doing business.