# Market Update for Rapeseed & Canola 18th of January 2024

> EU rapeseed supplies for the second half of the 2023/24 season have tightened after record crushings, sharply lower imports and higher exports. EU rapeseed has traded in a narrow US$460-490 range over three months, keeping it at a discount to Canadian canola. Canola's premium over EU rapeseed in the May position has shrunk to about US$1.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: market · region EU · magnitude low
- Page: https://feedsoft.ai/events/32219-market-update-for-rapeseed-and-canola-18th-of-january-2024
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Tighter EU supply and reliance on Australian canola imports for April-June could lift EU rapeseed prices once imports are confirmed, supporting meal and oil values for feed buyers. Price has not yet reflected the tightness, so the upside is still pending.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- rapool.com: https://www.rapool.com/news/oilseed-rape-market/market-update-for-rapeseed-und-canola-18th-of-january-2024/

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