In an extremely tight world market, the 2012/13 global ****seed/canola carryover is set to fall by more than one-fifth, to just 3.6m t. Global production is projected to rise by 2% y/y to an all-time high in 2013/14, led by increases in the EU and Canada. However, continued tightness, especially in key consumers, will curtail the potential for increased world use, projected to rise by just 1% y/y. World trade should recover in 2013/14, but by only 5% y/y, as availabilities in major exporters remain tight.
A bright spot in the market unless Soy drags us down.
A bright spot in the market unless Soy drags us down.