According to the latest USDA Oil Crops Outlook, U.S. canola imports have ballooned over the last two months, totaling more than 540 million pounds. This amount has not been exceeded in the last three marketing years until the eighth month of the marketing year. As a result, the USDA now pegs 2022-23 canola imports at 1.49 billion pounds, an increase of 220 million pounds from its latest forecast. Total canola crush will reach 4.53 billion pounds.
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US canola imports surge during first half of September
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