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The Canadian renewable fuels industry is coming close to reaching its medium term domestic production capacity.
Sunflower and rapeseed crops have responded well to the favorable climatic conditions in 2014.
Unusually rainy weather along with cooler temperatures this year made the season challenging for the farmers.
Statistics Canada puts the 2014/2015 wheat, barley, corn, and oat crop at 48.7 million metric tons (MMT), 26 percent below the previous year’s crop of 65.9 million metric tons.
Pakistan recently purchased 40,000 metric tons of U.S. soybean meal.
Post forecasts a 14% increase in Zimbabwe’s total oilseed production in the 2014/15 MY, to 359,000 tons, due to a strong demand from oilseed processors as oilseed crushing is starting to recover.
Kazakhstan’s 2014 grain harvest is lower than last year, with the FAS/Astana estimate for wheat production at 13.0 million metric tons (MMT), down from last year’s 13.9 MMT.
The 2014/15 soybean production forecast is maintained at 94 million metric tons (MT) despite slow pace of plantings in Mato Grosso.
Market demand, consumption and trade in legumes in Bulgaria are increasing. The market is diversifying and demand for higher quality product grows.
2014/15 soybean production area is forecast at 21 million hectares, with production forecast at 57 million metric tons (mmt), based on commodity prices and currency hedging.
Post’s September forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14.
Marketing year (MY) 2014 sunflowerseed area and production is now estimated at 530,000 hectares and 1.2 million metric tons (MMT).