# Rapeseed and canola with losses | Agriculture Prices

> Rapeseed fell on Euronext/Matif, with the May 24 contract closing down 5.75 euros at 422.50 euros/t after weak ICE and soy complex guidance. Winnipeg March canola closed down C$9.20 at C$601.20/t. Farmers are offering stocks more readily out of fear of further price falls.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/31778-rapeseed-and-canola-with-losses-agriculture-prices
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Farmer selling and weak lead markets pressure canola and rapeseed prices, and softer crude oil adds to the downside. Lower oilseed values can ease input costs for feed mills using canola meal.

## Read by commodity

- WTI: bearish ▼
- CANMEAL: bearish ▼

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/newsticker-rapeseed-and-canola-losses-2024-02-02

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