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Post’s October forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14.
Post’s September forecast for MY14/15 total oilseed production is 55.8 million tons, down by 5 percent from an estimated 58.7 million tons in MY13/14.
Post’s August forecast for MY14/15 total oilseed production is 56.8 million tons, down by 3.3 percent from an estimated 58.7 million tons in MY13/14, primarily due to lower cottonseed production.
While EU demand for imported soybeans has fallen, the U.S. industry adjusted to meet rising demand elsewhere in the world.
China is expected to remain a significant importer of biotech products and may become an exporter of biotechnology in the medium to long term.
A rapidly growing middle class in North Asia is expected to boost demand for U.S. agricultural exports over the next decade.
Production of distillers dried grains (DDG) has soared in recent years as ethanol production has grown.