# Rape and canola prices fell on expectations of lower vegetable oil prices globally

> Rapeseed and canola prices fell after the new US administration's possible biofuel demand cut and a glut of raw material at processing plants weakened demand. Winnipeg January canola dropped 5% to CAD 617 per tonne, and Paris February rapeseed fell 1.7%, with falling biodiesel and meal prices tied to increased South American soybean meal supply.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27513-rape-and-canola-prices-fell-on-expectations-of-lower-vegetable-oil-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker biodiesel demand and cheaper South American soybean meal reduce support for canola meal and rapeseed values, adding downward pressure on feed meal costs.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2024-11-25 | 5 | -7.0% | -3.1 | Fears of lower US biofuel demand under the new administration and a glut of raw material weighed on vegetable oils including soyoil on Nov 21. |

## Sources

- tridge.com: https://www.tridge.com/news/rape-and-canola-prices-fell-on-expectations--xyeuqe

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