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- (-) Oilseeds (excl. soybean)
- (-) May 2016
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Soybean and soybean meal imports are expected to increase in MY2016/17 to 5.5 million metric tons. The U.S. holds about a 20-22 percent share of the market.
Post forecasts 2016/17 production area at 1.1 million hectares, a decrease of 8 percent from Post’s area estimate of 15/16.
Australia normally produces around four million MT of oilseed crops each year, with canola and cottonseed accounting for over 90 percent of the total.
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.