# Grain market review: Oilseeds | 2019-08-15  | World Grain

> The European rapeseed market was supported at harvest start by expectations of a smaller crop in major producing countries. US soybean output forecasts were cut because of reduced area and weather problems. The USDA's Economic Research Service raised its 2019-20 world soybean export forecast to 151.3 million tonnes.

- Date: 2019-08-15 · published 2019-08-15T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/57708-grain-market-review-oilseeds-2019-08-15-world-grain
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Reduced US soybean and rapeseed output tightens oilseed supplies, supporting soybean and meal prices. Higher South American export expectations partly offset the US cut.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲

## Sources

- world-grain.com: https://www.world-grain.com/articles/12471-grain-market-review-oilseeds

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