Due to the recent ban on genetically engineered (GE) commodity imports, the 2022/23 soybean import forecast is reduced from 2.5 to 1.2 million tons. With the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly.
Likewise due to the abrupt change in GE import policy, the 2022/23 import forecast for canola is reduced to 500,000 tons.
Original source can be found here.
