Global Oilseed Production Forecast Trimmed by 300,000 Tonnes

Chicago. In its latest monthly (November) report, the United States Department of Agriculture (USDA) has lowered the global oilseed production forecast for the 2026-27 season to 721.9 million tonnes—a reduction of 300,000 tonnes from the 722.2 million tonnes projected in the October report.

Similarly, global ending stocks of oilseeds for the marketing season are now expected to be 145.65 million tonnes, down 660,000 tonnes from the previous month’s estimate of 146.31 million tonnes.

The new USDA report projects total global trade (imports and exports) of oilseeds for the 2026-27 season to reach 222.76 million tonnes, an increase from the 221.62 million tonnes estimated last month.

Furthermore, total global consumption of oilseeds is now forecast at 612.28 million tonnes, up from the 611.89 million tonnes projected in October.

According to the report, while declines are anticipated in the production of soybeans, sunflower seeds, groundnuts, and cottonseed, these losses will be largely offset by higher yields of mustard/rapeseed and canola. The production forecast for rapeseed has been raised by 700,000 tonnes, with upward revisions noted for Australia and Uruguay.