# Positive news in terms of supply and demand for Australian canola producers in USDA report | Farm Online | ACT

> The USDA's October WASDE cut the US soybean yield by half a bushel to 49.5 bushels per acre, which pushed soybean futures up sharply. Canola also rose, though by less. Concerns over planting delays in South America, linked to possible late-season La Nina and dryness in Mato Grosso, are also supporting values.

- Date: 2017-10-15 · published 2017-10-15T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/68582-positive-news-in-terms-of-supply-and-demand-for-australian-canola-producers-in
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A lower US soybean crop and South American weather risk tighten soybean supply and support soybean meal and oil prices. Australian canola stands to benefit from the spillover, though analysts expect only limited gains.

## Read by commodity

- SOY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-06-12 | [June Supply and Demand Report Delivers Positive News \| Red River Farm Network](https://feedsoft.ai/events/64481-june-supply-and-demand-report-delivers-positive-news-red-river-farm-network.md) | -4.7% | -10.6% |
| SOY | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | -2.2% | -4.0% |
| SOY | 2020-11-10 | [November 10 USDA Supply/Demand Report Recap - ADM Investor Services](https://feedsoft.ai/events/50093-november-10-usda-supply-demand-report-recap-adm-investor-services.md) | +4.4% | +3.7% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |
| SOY | 2017-01-22 | [Post-USDA report fallout in markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/72940-post-usda-report-fallout-in-markets-agweek-1-source-for-agriculture-news.md) | -1.7% | -3.3% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/4986971/wasde-contains-positive-news-for-oilseeds/

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