As of 2023, the oilseeds stock in the US stood at 13.7 million metric tons. Starting with 14.4 million metric tons in 2024, the stock is expected to grow steadily to 17.07 million metric tons by 2028. This represents a year-on-year increase of 4.79% between 2023 and 2024. The compound annual growth rate (CAGR) for the period 2024-2028 is projected to be around 4.32%. This consistent upward trend suggests a robust increase in oilseeds availability in the coming years.
Key future trends to monitor include:
- Technological advancements in agricultural practices that may enhance yield and stock levels.
- Potential shifts in demand for alternative energy sources impacting oilseeds usage.
- Changes in trade policies or climate conditions that could affect production and export dynamics.