Canada: Oilseeds and Products Annual
Canada's oilseed production (canola, soybeans and sunflowers) for 2016/2017 is forecast to drop to 21.5 million metric tons (MMT), down 2.0 million tons from 2015/2016, mostly driven by lower canola production. Total crush is forecast to fall to 9.75 MMT, a 5 percent decrease from the 2015/2016 anticipated crush levels of 10.2 MMT. Crush is projected lower in 2016/17 resulting from lower projected oilseed supplies and a corresponding drop in exports. Canola crush is raised 100,000 tons in 2015/2016 as a result of large domestic supplies and greater crush capacity. In 2015/2016, healthy domestic supplies, increased domestic crush capacity, a depreciated Canadian dollar, a recovering U.S. livestock industry, and increased demand from China are all supporting greater than expected exports.
