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USDA Oilseed: World Markets and Trade

13 May 2015

USDA Oilseed: World Markets and Trade - May 2015USDA Oilseed: World Markets and Trade - May 2015

USDA Oilseed: World Markets and Trade

Global oilseed supplies are forecast to rise three percent in 2015/16, a more modest expansion than seen over the previous two years. The larger supply is a result of record carry-over, as production is expected to fall slightly from the 2014/15 record. Soybeans represent 86 percent of the total carry-over and 60 percent of total oilseed production. The stable soybean production and larger sunflower and peanut crops only partially offset reduced rapeseed and cottonseed production.

Global oilseed demand is forecast to rise, yet at a slightly slower pace than the five-year average. Soybean crush is forecast to grow five percent, on par with the past two years and above the level of a few years ago when high prices and tight supplies were limiting factors. Other oilseed crush is forecast to decline slightly in the coming year, mostly on reduced rapeseed and cottonseed crush where production growth is more limited. While overall soybean demand is forecast to grow in 2015/16, it still falls short of production and is the primary reason that global oilseed ending stocks are forecast to rise in the coming year. Ending stocks of other oilseeds, with the exception of peanuts, are expected to decline.

Published by USDA Foreign Agricultural Service

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