# W48 Canola/Rapeseed Update: EU Rapeseed Forecast for 2024/25 MY Drops, While China Grapples with Rapeseed Oil Glut from Surge in Canadian Canola Imports

> The EU 2024/25 rapeseed production forecast was cut to 18.6 million tonnes from 19.5 million due to sowing delays and poor weather. China's rapeseed oil reserves surged after heavy Canadian canola imports in October and November, pushing down domestic oil prices.

- Date: 2023-12-08 · published 2023-12-08T12:00:00.000Z
- Category: weather · region EU · magnitude low
- Page: https://feedsoft.ai/events/32662-w48-canola-rapeseed-update-eu-rapeseed-forecast-for-2024-25-my-drops-while
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A smaller EU crop supports rapeseed meal and oil prices, while the Chinese glut weighs on vegetable oil demand and prices in the near term.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2018-06-11 | [Prices for rapeseed and canola are reduced](https://feedsoft.ai/events/64619-prices-for-rapeseed-and-canola-are-reduced.md) | -3.3% | -5.8% |
| SBO | 2024-05-16 | [Rapeseed and canola prices eased after touching multi-month highs](https://feedsoft.ai/events/30227-rapeseed-and-canola-prices-eased-after-touching-multi-month-highs.md) | +3.2% | +3.6% |
| SBO | 2026-10-20 | [Record sunseed crop in Russia drives down seed, oil and meal prices](https://feedsoft.ai/events/17204-record-sunseed-crop-in-russia-drives-down-seed-oil-and-meal-prices.md) | +0.2% | — |
| SBO | 2026-01-29 | [Oilseeds: Canola rallies, soybean meal too: bullish](https://feedsoft.ai/events/21146-oilseeds-canola-rallies-soybean-meal-too-bullish.md) | +0.6% | +8.0% |
| SBO | 2017-03-07 | [Global palm oil output seen rising 11pc in 2017 \| Malay Mail](https://feedsoft.ai/events/72112-global-palm-oil-output-seen-rising-11pc-in-2017-malay-mail.md) | -6.3% | -7.6% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w48-canolarapeseed-update-eu-rapeseed-forecast-for-202425-my-drops-while

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