Canada: Oilseeds and Products Annual
Canada's oilseed production (canola, soybeans and sunflowers) for 2015/2016 is forecast to increase a marginal two percent, assuming normal yields, to 22.1 million metric tons (MMT). Total crush is forecast to reach 9.2 MMT, a nearly six percent increase over 2014/2015 anticipated crush level, largely driven by an anticipated increase in domestic crush capacity. Despite more international competition anticipated for 2015/2016, strong domestic supplies, a depreciated Canadian dollar and a recovering U.S. livestock industry will support meal and oilseed exports in 2015/2016. Exports for total oilseeds and meal are forecast to increase one percent and two percent above 2014/2015 anticipated levels of 12.65 MMT and 3.84 MMT, respectively.
