USDA – Oilseeds: World Markets and Trade, Mar 2026

This report focuses on global oilseeds markets and trade, highlighting key trends such as soybean oil imports and renewable diesel production.

Canada has become the world’s second-largest importer of soybean oil in the 2025/26 marketing year, driven by renewable diesel production in Newfoundland and expanding trade with Argentina. Despite the expiration of the U.S. blenders tax credit, interest from the California fuel market supports continued operations. Global oilseeds production is raised due to higher sunflowerseed production in Argentina and Ukraine, while global trade is slightly lower due to reduced exports from Ukraine and Kazakhstan. Increased crush and stocks are also noted globally.