# A look at the USDA's Global Rapeseed Estimates

> The USDA cut its global rapeseed/canola production estimate by 966,000 mt to 68.572 mmt, the lowest in five years, with a 350,000 mt cut for the EU and a 600,000 mt cut for Canada to 19.5 mmt. The agency also trimmed China's canola import forecast to 3.4 mmt, citing a shift to Canadian oil and meal, and global ending stocks fell to 6.444 mmt.

- Date: 2019-10-10 · published 2019-10-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56539-a-look-at-the-usda-s-global-rapeseed-estimates
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tighter global canola supplies and lower stocks-to-use support canola and rapeseed prices, while uncertainty over where China will source its imports adds upside risk for competing vegetable oil and meal markets.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-01 | [U.S. grains: Soy soars after USDA slashes plantings estimate - Grainews](https://feedsoft.ai/events/35069-u-s-grains-soy-soars-after-usda-slashes-plantings-estimate-grainews.md) | +6.2% | +2.3% |
| SBO | 2023-12-29 | [USDA November soy crush estimated at 199.7 million bushels - Grainews](https://feedsoft.ai/events/32784-usda-november-soy-crush-estimated-at-199-7-million-bushels-grainews.md) | -0.3% | -3.0% |
| SBO | 2023-03-20 | [USDA lowers global oilseed production forecast due to plunging…](https://feedsoft.ai/events/36974-usda-lowers-global-oilseed-production-forecast-due-to-plunging.md) | -1.6% | -4.1% |
| SBO | 2016-12-12 | [USDA WASDE Report at a Glance](https://feedsoft.ai/events/73428-usda-wasde-report-at-a-glance.md) | -0.0% | -3.6% |
| SBO | 2023-09-14 | [WASDE: Soybean Estimates Have Been Lowered](https://feedsoft.ai/events/34179-wasde-soybean-estimates-have-been-lowered.md) | -1.6% | -10.7% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2019/10/10/look-usdas-global-rapeseed-estimates
- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2019/10/10/look-usdas-global-rapeseed-estimates

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