Exports to the US are expected to increase due to lower US production. Exports of products should increase because of higher processing capacity in Western Canada. Imports of US corn are significantly higher due to strong feed demand and increased domestic use for the production of ethanol. Imports are expected to decrease but remain high. Domestic use is forecast to increase slightly due to strong industrial use in Quebec.
Domestic crush is at a record despite low crush margins.
Exports are expected to increase due to strong world vegetable oil demand. Domestic use is expected to increase. Exports are forecast to increase due to increased supplies and strong world oil demand. However, canola prices will be supported by a strong vegetable oil market. Prices have been volatile, rising then dropping sharply, due to domestic tight supplies and strong EU and US demand.