# A Look at USDA's Rapeseed/Canola Forecast

> DTN analyst Cliff Jamieson reviews USDA's August WASDE, which forecasts record global rapeseed/canola output of 82.48 million tonnes, up 10.2 million. Canadian production is put at 20 million tonnes, and global stocks are projected to rise 47% to 6.8 million tonnes.

- Date: 2022-08-15 · published 2022-08-15T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/40005-a-look-at-usda-s-rapeseed-canola-forecast
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A record global rapeseed crop with production exceeding demand for the first time in four years points to ample supply and pressure on canola and meal prices.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/AG/blogs/canada-markets/blog-post/2022/08/15/look-usdas-rapeseedcanola-forecast

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.