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Return to Normal Yields Forecast to Decrease in Total Oilseeds

24 April 2014
USDA Foreign Agricultural Service

CANADA - A return to normal yields is forecast to result in a six per cent decrease in total oilseeds (canola, soybeans and sunflowers) for 2014/2015.

Fertilizer delivery delays and production challenges have resulted in limited supplies of nitrogen and phosphate for application prior and during seeding in certain regions, particularly the western provinces.

Crush in 2014/2015 is forecast to increase to 9.150 MMT due to large crops, crush capacity and attractive domestic crush margins. This represents an increase of five per cent above already high year 2013/2014 expected levels of 8.7 MMT.

Total meal production in 2014/2015 is forecast at 5.65 MMT, slightly above year 2013/2014 expected levels of 5.314 MMT.

Total oil production in 2014/2015 is forecast at 3.53 MMT, slightly above year 2013/2014 expected levels of 3.399 MMT.

Total meal exports in 2014/2015 are forecast to rise to 3.625 MMT, a two per cent increase from 2013/2014 anticipated level. Total oils exports are forecast to reach 2.70 MMT, close to expected 2013/2014 levels.

Canadian oilseed exports are forecast to increase in 2014/2015 to 12.045 MMT from expected 2013/2014 levels of 11.5 MMT. This increase is driven by high domestic supplies and steady demand.

Further Reading

You can view the USDA GAIN: Canada Oilseeds and Products Annual 2014 report by clicking here.

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