# “Black Friday” for rapeseed and canola prices came early

> Rapeseed and canola prices fell sharply in late November, with Winnipeg January canola down about 14% since November 15 and Paris February rapeseed down about 10% over ten days. Soybean oil also dropped about 11% on uncertainty over US biofuel tax credits and fears of tariffs on Canadian canola.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/27507-black-friday-for-rapeseed-and-canola-prices-came-early
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower canola and soyoil values reduce the cost of oilseed meal and oil inputs for feed, while the threat of US duties on Canadian canola and uncertainty over biofuel credits point to continued downside pressure.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-11-25 | 5 | -7.0% | -3.1 | Soybean oil fell about 11% on uncertainty over US biofuel tax credits and canola tariff fears, so it describes the same selloff, though partly dated after the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-09-19 | [Turkey introduced reference prices for sunflower and sunflower oil](https://feedsoft.ai/events/34215-turkey-introduced-reference-prices-for-sunflower-and-sunflower-oil.md) | -4.2% | -5.0% |
| SBO | 2017-06-01 | [Anti-dumping taxes fear for soybean oil prices](https://feedsoft.ai/events/70581-anti-dumping-taxes-fear-for-soybean-oil-prices.md) | +0.1% | +2.5% |
| SBO | 2021-06-25 | [Expected end to soy oil run likely to impact canola price - UkrAgroConsult](https://feedsoft.ai/events/46689-expected-end-to-soy-oil-run-likely-to-impact-canola-price-ukragroconsult.md) | +2.9% | +3.6% |
| SBO | 2021-04-19 | [Soybean Oil Prices Plummet After Brazil Reduces Biodiesel Blend In Diesel - CPG Click Oil and Gas](https://feedsoft.ai/events/47670-soybean-oil-prices-plummet-after-brazil-reduces-biodiesel-blend-in-diesel-cpg.md) | +8.1% | +16.8% |
| SBO | 2024-12-19 | [Edible oil prices tumble on US ethanol plan and record soybean supplies](https://feedsoft.ai/events/27051-edible-oil-prices-tumble-on-us-ethanol-plan-and-record-soybean-supplies.md) | -0.1% | +9.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/black-friday-for-rapeseed-and-canola-prices-came-early/

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