# This week in grains, oilseeds, oils & animal nutrition    - Expana

> The EU Council adopted a regulation, effective July 1, 2024, placing tariffs of roughly €90 to €150 per tonne on grain, oilseeds and derived products such as sunflower and rapeseed meal from Russia and Belarus. Market players expect EU oilseed output to fall to about 18 million tonnes in 2024/25, and dry weather in Australia and frost damage in Ukraine add to supply concerns.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: trade · region EU · magnitude high
- Page: https://feedsoft.ai/events/29865-this-week-in-grains-oilseeds-oils-and-animal-nutrition-expana
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

With Russian meal likely uneconomic to import after July 1, the EU must rely on domestic and other suppliers, which tightens sunflower and rapeseed meal availability and supports prices. Grain effects are expected to be smaller.

## Read by commodity

- WHEAT: neutral
- CANMEAL: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-26 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/68815-grains-and-oilseeds-news-in-brief.md) | +5.8% | +11.0% |
| WHEAT | 2017-04-03 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/71561-grains-and-oilseeds-news-in-brief.md) | +0.1% | +4.4% |
| WHEAT | 2017-09-19 | [Grains And Oilseeds News In Brief](https://feedsoft.ai/events/68816-grains-and-oilseeds-news-in-brief.md) | -6.6% | +3.6% |
| WHEAT | 2021-12-07 | [Exports of grain exceeded 26 million tons. - UBN](https://feedsoft.ai/events/14527-exports-of-grain-exceeded-26-million-tons-ubn.md) | -6.1% | -2.9% |
| WHEAT | 2025-03-04 | [China’s grains, oilseeds procurement to see limited impact from US agricultural tariffs](https://feedsoft.ai/events/14674-china-s-grains-oilseeds-procurement-to-see-limited-impact-from-us-agricultural.md) | +0.1% | +2.8% |

## Sources

- expanamarkets.com: https://www.expanamarkets.com/insights/article/this-week-in-grains-oilseeds-oils-animal-nutrition-june-6/

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