# Rapeseed prices updated record despite increased harvest forecast in Australia 15.11.2021 - UkrAgroConsult

> Rapeseed prices on Euronext rose 3.6% in a week to a record 710.25 EUR/t, and canola futures in Winnipeg also climbed, despite a neutral USDA November report. The Australian Oilseed Federation raised its 2021/22 rapeseed crop forecast to a record 5.035 million tonnes.

- Date: 2021-11-15 · published 2021-11-15T12:00:00.000Z
- Category: market · region Global · magnitude medium
- Page: https://feedsoft.ai/events/44162-rapeseed-prices-updated-record-despite-increased-harvest-forecast-in-australia
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight global rapeseed supply and strong biofuel demand keep oilseed prices firm, which supports soybean oil and meal costs for feed buyers. A larger Australian crop is a partial offset but has not reversed the upward trend.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/rapeseed-prices-updated-record-despite-increased-harvest-forecast-in-australia/

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