Domestic crush is forecast to rise to a near record 3.1 Mt, due to abundant supplies and profitable crush margins, despite low vegetable oil prices. Carry-out stocks are forecast to fall to 1.4 Mt, but remain burdensome. Canola prices are expected to decrease. Imports are expected to rise. Exports are forecast to increase to a record high due to support from niche markets.
Domestic crush is forecast to remain stable due to profitable crush margins and adequate supplies.
Soybean prices are expected to decrease slightly. Excludes exports of oilseed products. Statistics Canada, Cereals and Oilseeds Review Series, Cat.