# Canola prices continue to fall under pressure from increased crop forecasts in Canada and the EU

> Canola and rapeseed prices fell in October on raised crop forecasts. Stratégie Grains lifted its EU rapeseed estimate to 19.7 million t, and MarketsFarm put Canada's canola crop at 18 million t, above official data.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/33737-canola-prices-continue-to-fall-under-pressure-from-increased-crop-forecasts-in
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Larger EU and Canadian crops add supply and weigh on canola and rapeseed prices, while expected processing growth could reduce exports and limit the downside.

## Read by commodity

- SBO: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2024-12-12 | [Sunflower prices in Ukraine rose amid supply shortages, but pressure on them increased as production forecast increased in USDA report](https://feedsoft.ai/events/27069-sunflower-prices-in-ukraine-rose-amid-supply-shortages-but-pressure-on-them.md) | -2.8% | +0.7% |
| SBO | 2026-08-26 | [Canada’s canola crush to hit record and continue growing](https://feedsoft.ai/events/6515-canada-s-canola-crush-to-hit-record-and-continue-growing.md) | +9.2% | +3.7% |
| SBO | 2019-10-21 | [Despite the slowdown in production prices for rapeseed fall](https://feedsoft.ai/events/56670-despite-the-slowdown-in-production-prices-for-rapeseed-fall.md) | +2.0% | +0.2% |
| SBO | 2022-07-06 | [Could a drop in Canadian canola area support rapeseed prices? Grain market daily \| AHDB](https://feedsoft.ai/events/40595-could-a-drop-in-canadian-canola-area-support-rapeseed-prices-grain-market-daily.md) | -0.8% | +0.5% |
| SBO | 2018-08-28 | [Canada’s July canola crush set record for the month - McKeany-Flavell](https://feedsoft.ai/events/63514-canada-s-july-canola-crush-set-record-for-the-month-mckeany-flavell.md) | +0.1% | -0.0% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canola-prices-continue-to-fall-under-pressure-from-increased-crop-forecasts-in-canada-and-the-eu/

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