Soggy Spring Could Put Already-Reduced Canola Acres At Greater Risk

Not enough comparable past events yet for a historical read.

After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.

• Jul 28, 2023ABARES: Australian Canola Production Could Drop 41% Due to Dry Conditions-6.0%
• Jun 17, 2025Rapeseed and canola prices continue to rise amid rising oil prices and declining harvest forecasts-3.8%
• Nov 25, 2020Reduction in sowing areas of winter rape in Ukraine and the EU contributes to higher prices-1.6%
• Aug 31, 2021Rapeseed and canola prices supported by lower crop forecasts in Canada-1.2%
• Aug 31, 2023Drought, Record Heat Threaten U.S. Soybean Crop at Critical Growing Stage - CoBank Site - CoBank-3.3%