Canada's oil meal production is expected to decline in 2001 / 02

Introduction: in 2001 / 02, due to the decrease of rapeseed pressing volume, Canadian protein oil meal production is expected to decline accordingly Strong soybean imports will offset the shortfall caused by the reduction in domestic soybean production, while soybean meal supply is expected to increase to a record 2.3 million tons due to increased soybean meal imports and stable production The total consumption of soybean meal in Canada is expected to increase slightly in 2001 / 02 due to the expected increase in the number of pigs and live cattle in 2001 / 02 and the higher than expected number of live cattle on hand Soybean meal exports are expected to remain stable Due to the drought in western Canada, the rapeseed production decreased and the squeezing profit was low It is estimated that the production of rapeseed meal in Canada will decrease slightly in 2001 / 02 Due to the decline in production, it is expected that the supply of rapeseed meal in Canada will decrease in 2002 / 03, and the export of rapeseed meal will decrease from 780000 tons in 2001 / 02 to 680000 tons, far lower than the highest record of 1.2 million tons in 2000 / 01 Most of Canadian prairie rapeseed meal production is exported to the United States, mainly California, Montana and Washington state A small number of shipments to Japan and South Korea are likely to increase as China's export process weakens Canadian protein oil meal prices are expected to rebound from their 1999 / 00 lows, but will continue to be pressured by the oversupply of US soybean meal Soybean meal prices rose and the Canadian dollar was stable against the U.S dollar It is expected that rapeseed meal prices will rise slightly to about 200-230 Canadian dollars / ton.