# Latest Report Hits Key Feed Markets – Penny Newman

> USDA's December WASDE cut Texas cotton bales by 500,000, lifting cottonseed prices about $25 per ton over the past month. Statistics Canada reported canola seed production down 8%, the smallest crop in four years.

- Date: 2019-12-10 · published 2019-12-10T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/55644-latest-report-hits-key-feed-markets-penny-newman
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower cottonseed and canola supplies tighten the oilseed meal complex, supporting cottonseed meal and canola meal prices for feed buyers.

## Read by commodity

- CSM: bullish ▲
- CANMEAL: bullish ▲

## Sources

- penny-newman.com: https://penny-newman.com/2019/12/10/december-10-2019/

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