# USDA report surprises oilseed market - Manitoba Co-operator

> Canola and soybean futures fell after USDA left its U.S. soybean yield unchanged, against trader expectations of a cut. ICE canola's front-month contract dropped C$5.30 on the day, and a slight carry-out revision also weighed on U.S. markets.

- Date: 2017-11-16 · published 2017-11-16T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/67933-usda-report-surprises-oilseed-market-manitoba-co-operator
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Traders had positioned for a lower yield, so the unchanged figure triggered selling across the oilseed complex, with canola meal and soy products also under pressure.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | +4.2% | -1.5% |
| SOY | 2017-03-09 | [USDA Report: Soybeans get a bearish surprise](https://feedsoft.ai/events/71935-usda-report-soybeans-get-a-bearish-surprise.md) | -1.3% | -6.6% |
| SOY | 2024-10-11 | [No big surprises in USDA report, markets trading weather - Brownfield Ag News](https://feedsoft.ai/events/27808-no-big-surprises-in-usda-report-markets-trading-weather-brownfield-ag-news.md) | -2.6% | +0.1% |
| SOY | 2018-09-14 | [Farming News - Markets continuing to adjust their position after USDA report contains some surprises](https://feedsoft.ai/events/62990-farming-news-markets-continuing-to-adjust-their-position-after-usda-report.md) | +3.3% | +4.3% |
| SOY | 2023-11-09 | [USDA surprises trade with latest report \| The Western Producer](https://feedsoft.ai/events/33115-usda-surprises-trade-with-latest-report-the-western-producer.md) | +2.7% | -2.8% |
| CORN | 2019-06-28 | [USDA Reports Surprise Sends Corn Market Reeling](https://feedsoft.ai/events/58539-usda-reports-surprise-sends-corn-market-reeling.md) | -2.0% | -4.5% |
| CORN | 2019-01-01 | [USDA Reports Provide Surprises for Corn](https://feedsoft.ai/events/61054-usda-reports-provide-surprises-for-corn.md) | +1.4% | +1.8% |
| CORN | 2018-12-14 | [USDA reports provide few surprises](https://feedsoft.ai/events/7515-usda-reports-provide-few-surprises.md) | +0.5% | +0.1% |

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/markets/usda-report-surprises-oilseed-market/

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