# Prices for rapeseed and canola accelerated their decline, losing the speculative growth of recent months

> Rapeseed and canola prices fell 6-9% over three days as improved South American soybean prospects, expected lower US biofuel demand and speculative fund liquidation drove the decline. Winnipeg January canola dropped about 9% to CAD 595 per tonne, and Paris February rapeseed fell 4%.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27512-prices-for-rapeseed-and-canola-accelerated-their-decline-losing-the-speculative
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Falling rapeseed and canola prices reduce the cost of canola meal and oil for feed, and the bearish outlook for biofuel demand may keep pressure on meal and oil values.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-11-25 | 5 | -7.0% | -3.1 | Speculative fund liquidation and expected lower US biofuel demand drove oilseed and vegetable oil declines on Nov 22, which is consistent with the soyoil slide. |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/prices-for-rapeseed-and-canola-accelerated-their-decline-losing-the-speculative-growth-of-recent-months/

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