date:Jun 05, 2012
are all raised. Exports to the EU are down $1.5 billion due to increased grain and oilseed competition.
US import demand continues strong, lifting estimated import value by $1 billion to $107.5 billion from the $106.5 billion projected in February. Increases are forecast for vegetable oils, oilseeds, oilmeal, bulk grains, and beef and veal imports.
Larger imports of rapeseed oil from Canada are leading the vegetable oil gains. These import increases were partly offset by projected declines fo