# Market Update for Rapeseed & Canola 29th of June 2026

> 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.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/18910-market-update-for-rapeseed-and-canola-29th-of-june-2026
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-07-23 | [Market Update for Rapeseed & Canola 23th of July 2025](https://feedsoft.ai/events/23869-market-update-for-rapeseed-and-canola-23th-of-july-2025.md) | +1.4% | -4.7% |
| SBO | 2024-12-11 | [Forecast for U.S. Oilseed Production in 2024–2025 – Market-Tracker](https://feedsoft.ai/events/27058-forecast-for-u-s-oilseed-production-in-2024-2025-market-tracker.md) | -2.0% | -2.2% |
| SBO | 2022-04-27 | [Canada's light canola acres deal another blow for snug vegoil market](https://feedsoft.ai/events/41789-canada-s-light-canola-acres-deal-another-blow-for-snug-vegoil-market.md) | -2.8% | -5.6% |
| SBO | 2019-11-25 | [Record Canola Crush Reported for October](https://feedsoft.ai/events/56170-record-canola-crush-reported-for-october.md) | -3.0% | +9.4% |
| SBO | 2020-10-02 | [Farming News - ADM Agriculture Oilseed Rape Market Report](https://feedsoft.ai/events/50747-farming-news-adm-agriculture-oilseed-rape-market-report.md) | +1.8% | +1.3% |
| PALMOIL | 2022-04-27 | [Canada's light canola acres deal another blow for snug vegoil market](https://feedsoft.ai/events/41789-canada-s-light-canola-acres-deal-another-blow-for-snug-vegoil-market.md) | +10.1% | +0.6% |
| PALMOIL | 2019-11-25 | [Record Canola Crush Reported for October](https://feedsoft.ai/events/56170-record-canola-crush-reported-for-october.md) | +3.4% | +9.1% |
| PALMOIL | 2020-10-02 | [Farming News - ADM Agriculture Oilseed Rape Market Report](https://feedsoft.ai/events/50747-farming-news-adm-agriculture-oilseed-rape-market-report.md) | +2.4% | +4.9% |

## Sources

- rapool.com: https://www.rapool.com/news/oilseed-rape-market/market-update-for-rapeseed-und-canola-29th-of-june-2026/

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