USDA estimates supply situation in the oilseed market

USDA estimates higher oilseed production in 2020/21 and even higher consumption In its May estimate, the US Department of Agriculture (USDA) increased the oilseed harvest 2020/21 by 5.3% year on year to approx. 606 million t forecast. However, the final inventory will decrease slightly due to increasing consumption, but will...