# Slow canola planting in Canada supports EU rapeseed prices

> Cold, rainy weather in Canada delayed canola sowing, with Saskatchewan 56% planted versus 68% a year earlier. Winnipeg July and November canola futures rose and MATIF rapeseed reached its highest since March 2023, while the EU cut its rapeseed yield forecast to 3.21 t/ha.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/30366-slow-canola-planting-in-canada-supports-eu-rapeseed-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Slow Canadian planting and a lower EU yield outlook support canola and rapeseed meal prices, while faster US soybean planting weighs on soy complex values.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-11-28 | [New soybean crop planting crop advances and already exceeds 80% in Brazil](https://feedsoft.ai/events/13535-new-soybean-crop-planting-crop-advances-and-already-exceeds-80-in-brazil.md) | -1.3% | +2.2% |
| SBM | 2024-01-05 | [New-Crop Soybean Meal Prices Anticipating Larger Argentine Harvest in 2024](https://feedsoft.ai/events/32215-new-crop-soybean-meal-prices-anticipating-larger-argentine-harvest-in-2024.md) | -4.6% | -4.6% |
| SBM | 2025-12-15 | [Soymeal Futures Slide as South America Planting Points to Large Crop - RFD-TV](https://feedsoft.ai/events/21580-soymeal-futures-slide-as-south-america-planting-points-to-large-crop-rfd-tv.md) | -0.7% | -3.4% |
| SBM | 2018-11-15 | [Brazil's Soybean Planting Progress Hits 71%](https://feedsoft.ai/events/61886-brazil-s-soybean-planting-progress-hits-71.md) | +0.3% | +1.2% |
| SBM | 2024-02-02 | [Positive shift in fishmeal prices for 2024](https://feedsoft.ai/events/31579-positive-shift-in-fishmeal-prices-for-2024.md) | -3.3% | -8.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/slow-canola-planting-in-canada-supports-eu-rapeseed-prices/

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