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Global imports are up, with the biggest increases being 0.5 million tons for Brazil and 0.3 million tons for Philippines. EU imports are reduced 0.5 million tons and Indonesia is reduced 0.3 million tons. Global use is up 1.6 million tons on increased feed use, especially in the EU and Russia and the Philippines. Reductions in food use are partially offsetting. With supplies growing much faster than use, global ending stocks are raised 5.1 million tons to a record 226.6 million tons.


Global oilseed production for 2015/16 is projected at 527.2 million tons, down 1.9 million from last month. Soybean production is reduced for Ukraine, where dry conditions in August lowered yield expectations. Soybean production is also reduced for Canada with lower yields more than offsetting increased harvested area as reported by Statistics Canada. Sunflowerseed production forecasts are lowered for several countries including China, the EU, Moldova, and India. Global rapeseed production is raised slightly with gains for Canada and the EU mostly offset by reductions for India and Turkey. Other changes include reduced peanut production for India and reduced cottonseed production for Brazil.

Global oilseed trade for 2015/16 is reduced 1.0 million tons to 143.8 million, mainly reflecting reduced soybean exports for Ukraine. Global oilseed crush is projected lower on reduced oilseed supplies.

Global oilseed stocks are projected lower mainly on lower soybean stocks in Argentina, Brazil, Canada, Ukraine, and the United States.

Full report here