# USDA lowers Canadian canola export forecast - AgCanada

> USDA cut its 2018-19 Canadian canola export forecast to 10.6 million tonnes from 11.6 million, warning exports could fall further without a quick resolution with China. Agriculture and Agri-Food Canada also lowered its forecast by one million tonnes to 9.8 million.

- Date: 2019-04-11 · published 2019-04-11T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/59564-usda-lowers-canadian-canola-export-forecast-agcanada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower Canadian export expectations tighten global canola supply for importers and point to weaker Canadian seed and meal availability, supporting prices.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-09-11 | [USDA Lowers Corn and Soybean Forecasts \| AgWired](https://feedsoft.ai/events/50974-usda-lowers-corn-and-soybean-forecasts-agwired.md) | +4.4% | +6.6% |
| SOY | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | +4.4% | +11.9% |
| SOY | 2021-05-06 | [USDA forecasts drop in Argentine soyabean output and exports](https://feedsoft.ai/events/46935-usda-forecasts-drop-in-argentine-soyabean-output-and-exports.md) | +5.0% | -2.1% |
| SOY | 2020-09-15 | [USDA report lowers expected national yields - Morning Ag Clips](https://feedsoft.ai/events/50970-usda-report-lowers-expected-national-yields-morning-ag-clips.md) | +0.3% | +1.4% |
| SOY | 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) | -3.3% | +2.7% |

## Sources

- agcanada.com: https://www.agcanada.com/daily/usda-lowers-canadian-canola-export-forecast

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