The U.S. Department of Agriculture addressed concerns in the Canadian canola market about the Chinese tariffs in its recent World Agricultural Supply and Demand Estimates report.
However, the overall global situation for oilseeds remained largely unchanged.
The positive news from the report was that the outlook for the global vegetable oil demand remains strong for the 2025-26 crop year.
Total vegetable oil demand is expected to increase by 6.9 million tonnes from last year to a record 316 million tonnes.
Although the demand estimate was lower than the August forecast, the point remains that global vegetable oil demand is continuing to increase.
That remains a positive backdrop to what has been a challenging environment for Canadian canola during the last month.
