OIL WORLD's first 2026/27 forecast projects a global vegetable oil production deficit of 17 million tonnes, with rising biofuel demand and supply constraints expected to drive higher prices. Rapeseed and canola harvested area is forecast at a record 42.3 million hectares, led by Canada, and world output at a record 86.1 million tonnes.
A projected oils deficit supports vegetable oil prices and can pull up rapeseed and canola values, while record oilseed area and crush expand meal supply for feed buyers.
Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 149 past bullish report events, PALMOIL moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.