World Perspectives
soy-oilseeds

Linseed’s Small Story

In today’s Black Sea report, WPI’s analyst points out that Russia and Kazakhstan, and particularly Russia are supplanting Canada as a supplier of linseed. Russia previously produced around a half-million tons a year but is now nearing 2 MMT or half of global production. World production of linseed is just over 3 MMT and is expanding at about 3 percent per year, but trade is flat at around 2 MMT. Considering global oilseed production is around 900 MMT, it is a very minor oilseed and is used mainly for industrial purposes (paints, varnishes), though some envision it as a superfood or its fiber as a feed ingredient.  China may be buying more Russian linseed, but the EU is the major importer, taking nearly half of all traded s...

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Market Commentary: Corn Firm, Bean Weak, Weak Wheat Rebound

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