# 📰 prices continue to despite another reduction in the EU harvest forecast | Oleg Shklovtsov

> Rapeseed futures in Paris fell despite the European Commission cutting its 2024/25 EU rapeseed production forecast to 18.3 million tonnes, down 6% from 2023. Winnipeg November canola fell 3.9% to CAD 646/t on sluggish exports and eased prairie heat.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/29360-prices-continue-to-despite-another-reduction-in-the-eu-harvest-forecast-oleg
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A smaller EU crop would normally support prices, but weak canola and rising new-crop supply are overriding it, pointing to continued pressure on canola meal and rapeseed meal prices for feed buyers.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- linkedin.com: https://www.linkedin.com/posts/oleg-shk_rapeseed-fall-meal-activity-7223958726271983616-tKUE

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