# Ölsaaten News, 09/01/2023 commodity market assessment

> ZMP's oilseed assessment notes that Statistics Canada revised the Canadian rapeseed harvest down to 17.6 million tonnes, about 1.1 million less than last year. Germany's rapeseed harvest is about 3% lower than in 2022, and European spot markets weakened on low mill demand.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/34227-olsaaten-news-09-01-2023-commodity-market-assessment
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A smaller Canadian crop tightens global rapeseed supply, which supports rapeseed meal prices. Weak European mill buying offsets some of that support.

## Read by commodity

- SBM: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-07-03 | [3rd July 2024 Commodity Market Report - CirQlar Nutrition](https://feedsoft.ai/events/13912-3rd-july-2024-commodity-market-report-cirqlar-nutrition.md) | +1.3% | -3.9% |
| SBM | 2020-01-10 | [Markets breathe easy with neutral WASDE report \| 2020-01-10  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/55019-markets-breathe-easy-with-neutral-wasde-report-2020-01-10-agri-pulse.md) | +1.5% | -2.3% |
| SBM | 2019-04-18 | [Market Closes - April 18, 2019 - Kentucky Farm Bureau](https://feedsoft.ai/events/5963-market-closes-april-18-2019-kentucky-farm-bureau.md) | +0.7% | -0.7% |
| SBM | 2024-11-27 | [Market Update for Rapeseed & Canola 27th of Nov. 2024](https://feedsoft.ai/events/27511-market-update-for-rapeseed-and-canola-27th-of-nov-2024.md) | -0.4% | +4.2% |
| SBM | 2025-04-16 | [Livestock Feed Markets Stable as World Markets Swirl \| Industry News \| feedlotmagazine.com](https://feedsoft.ai/events/25250-livestock-feed-markets-stable-as-world-markets-swirl-industry-news.md) | -1.0% | -3.3% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/oilseeds/news/market-assessment-olsaaten-news-09012023-olsaaten-2023-09-01

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