# Grain Journal | USDA Oilseeds: World Markets and Trade (Aug. 12):…

> USDA's August report cut global 2021/22 oilseed production by 6 million tons to 630 million, mainly from a 4-million-ton drop in Canadian rapeseed and a 2-million-ton cut in US soybean output. Global protein meal production was reduced by 3 million tons and consumption by 2 million tons.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45662-grain-journal-usda-oilseeds-world-markets-and-trade-aug-12
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower rapeseed and soybean output tightens protein meal and oil supplies, supporting meal prices for feed buyers.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-06-19 | [Grain and Oilseeds: world markets and trade](https://feedsoft.ai/events/41073-grain-and-oilseeds-world-markets-and-trade.md) | -0.7% | -1.3% |
| SBM | 2017-08-01 | [Demand for oilseeds drives China’s soybean imports \| World-grain.com \| August 01, 2017 14:22 \| World Grain](https://feedsoft.ai/events/69328-demand-for-oilseeds-drives-china-s-soybean-imports-world-grain-com-august-01.md) | -3.3% | -7.3% |
| SBM | 2023-04-26 | [USDA forecasts strong global soyabean trade but lower meal and oil…](https://feedsoft.ai/events/36486-usda-forecasts-strong-global-soyabean-trade-but-lower-meal-and-oil.md) | -1.9% | -7.0% |
| SBM | 2026-03-13 | [Grain Journal \| Soymeal Steals Spotlight in March 2026 WASDE](https://feedsoft.ai/events/20256-grain-journal-soymeal-steals-spotlight-in-march-2026-wasde.md) | +2.3% | +1.9% |
| SBM | 2026-10-19 | [Seafood Media Group - Worldnews - Weekly Market Report: Fishmeal and Fish Oil](https://feedsoft.ai/events/513-seafood-media-group-worldnews-weekly-market-report-fishmeal-and-fish-oil.md) | -1.6% | — |
| SOY | 2022-06-19 | [Grain and Oilseeds: world markets and trade](https://feedsoft.ai/events/41073-grain-and-oilseeds-world-markets-and-trade.md) | -4.2% | -13.2% |
| SOY | 2022-08-20 | [Oilseeds: World Markets and Trade \|         Global Oil & Fats Business Online – gofbonline.com](https://feedsoft.ai/events/39999-oilseeds-world-markets-and-trade-global-oil-and-fats-business-online-gofbonline.md) | +7.8% | -1.8% |
| SOY | 2020-10-06 | [USDA drops a bombshell and the markets explode - Grain Central](https://feedsoft.ai/events/11634-usda-drops-a-bombshell-and-the-markets-explode-grain-central.md) | +1.2% | +2.9% |

## Sources

- grainjournal.com: https://www.grainjournal.com/article/243991/usda-oilseeds-world-markets-and-trade-aug-12

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