Key Market Indicators
**American Oilseeds Consumption Projected to Inch Up by 2028** **Washington, D.C.** — The consumption of oilseeds in the United States is expected to reach approximately 2.13 million metric tons by 2028, up from around 2.11 million metric tons in 2023. This represents an average annual growth rate of 0.1%. Since 2019, the demand for oilseeds in the country has consistently grown by 0.1% each year. **Oilseeds Production Forecast to Increase** On the production side, American output of oilseeds is set to climb to nearly 23.7 million metric tons by 2028, compared to about 22.8 million metric tons in 2023. This marks an average yearly growth rate of 0.6%. However, it is noteworthy that since 1966, the overall supply of oilseeds in the U.S. has experienced a decline, falling by an average of 1.6% annually.
