# USDA Tightens Global Rapeseed/Canola Balance Sheet

> USDA's August estimates cut global rapeseed/canola production to 68.1 million tonnes, mainly from a 1.5 million tonne cut to Ukraine's crop potential. Global ending stocks fell to 4.57 million tonnes, the lowest in 13 years, pushing the stocks-to-use ratio to 6.6%.

- Date: 2020-08-12 · published 2020-08-12T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51707-usda-tightens-global-rapeseed-canola-balance-sheet
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A tighter global canola balance sheet with the lowest stocks-to-use since 2003-04 supports canola and canola meal prices and reduces available supply for feed buyers.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2020/08/12/usda-tightens-global-rapeseedcanola

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