USDA: World production of oilseeds almost unchanged

Less rape production, more sunflower According to the U.S. Department of Agriculture (USDA), the forecast for global oilseed production is almost unchanged from July at 539.7 million tons, as higher production of sunflower seeds and peanuts is mostly offset by lower canola production. Sunflower seed production in Ukraine and Russia is forecast to increase as rainfall in July improved yield potential. Conversely, Canada's canola harvest fell 1.3 million tonnes to 19.0 million tonnes as drought intensified in the Southwest Prairies in July. EU sunflower seed production is also limited due to lower production in Romania, Spain and France. The forecast for world soybean production has been lowered According to the USDA, world soybean production fell to 402.79 million tons and its global soybean exports fell 0.5 million tons to 168.8 million ...