The USDA reduced the forecast for global oilseed production compared to September estimates by 3.54 million tons to 688 million tons. Specifically, the forecast for global soybean production was reduced by 4.1 million tons, sunflower production by 1 million tons, while the forecast for global rapeseed production was increased by 1.31 million tons due to increased production in the EU, Australia, Ukraine, and the United Kingdom.