NASHVILLE, Tenn. (RFD-TV) — Global oilseed production is projected to reach a record level during the 2026/27 marketing year as soybean, sunflowerseed, rapeseed and peanut production all increase.
USDA’s Economic Research Service forecasts total global oilseed production at 718.1 million metric tons, up nearly 20 million metric tons from the previous year.
Soybeans are expected to account for most of the increase, with global production projected at a record 441.5 million metric tons.
Economic Research Service (ERS) says larger soybean crops are expected in Brazil, the United States, Argentina and several other major producing countries.
At the same time, global oilseed crush is forecast at 549.8 million metric tons, driven by rising demand for livestock feed, aquaculture production and vegetable oils used in both food and industrial products.
USDA says biofuels continue playing a major role in demand growth, particularly in countries like Indonesia, Brazil and the United States.
Soybean oil, palm oil, rapeseed oil and sunflowerseed oil all remain key components of the global outlook.
Brazil’s soybean crop is projected to reach a record 186 million metric tons, with the country expected to account for 62 percent of global soybean exports.
