# Sharp Fall in August Canola Futures Surprises Traders - Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.

> August rapeseed futures in Paris fell 4.5% to €472.5/t over three sessions, while November contracts dropped only 1.6%. Ukrainian rapeseed purchase prices fell 500-700 UAH/t, and traders have contracted over 1 million tonnes of new-crop rapeseed.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/29361-sharp-fall-in-august-canola-futures-surprises-traders-commodity-board-europe-is
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

The decline reflects harvest-driven supply increases in Europe and Ukraine, which weighs on rapeseed meal and oilseed values for feed use.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- commodity-board.com: https://commodity-board.com/sharp-fall-in-august-canola-futures-surprises-traders/

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