# What's behind record rapeseed prices? - Graintab

> Rapeseed prices have hit records after four straight years of EU stock depletion, reduced UK planting, and Neonicotinoid restrictions. The recent rally was catalysed by a drought that cut Canadian canola stocks to a forecast 691 kt by end-2021/22. Tight soybean supplies and palm oil supply issues have also lifted vegetable oil markets.

- Date: 2021-10-07 · published 2021-10-07T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/44668-what-s-behind-record-rapeseed-prices-graintab
- 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 canola and rapeseed supplies are pushing vegetable oil and biodiesel feedstock prices higher, which raises the cost of oilseed-based inputs. Analysts warn prices look overvalued ahead of the palm, US soy and Australian canola export seasons.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-10-25 | [Return of rains boost EU grain sowings, but mixed blessing for rapeseed - Grain Price News](https://feedsoft.ai/events/39064-return-of-rains-boost-eu-grain-sowings-but-mixed-blessing-for-rapeseed-grain.md) | +0.8% | -1.4% |
| SBO | 2021-08-31 | [Rapeseed and canola prices supported by lower crop forecasts in Canada](https://feedsoft.ai/events/45664-rapeseed-and-canola-prices-supported-by-lower-crop-forecasts-in-canada.md) | -1.2% | +0.0% |
| SBO | 2020-08-31 | [Low yield supports the price of rapeseed and sunflower](https://feedsoft.ai/events/51719-low-yield-supports-the-price-of-rapeseed-and-sunflower.md) | -0.9% | -0.3% |
| SBO | 2022-09-19 | [Sunflower prices in Ukraine are rising against the backdrop of a low harvest, long rains and rising rapeseed prices](https://feedsoft.ai/events/39703-sunflower-prices-in-ukraine-are-rising-against-the-backdrop-of-a-low-harvest.md) | -5.4% | -5.7% |
| SBO | 2018-03-05 | [Argentina drought bakes crops, sparks grain price rally](https://feedsoft.ai/events/65847-argentina-drought-bakes-crops-sparks-grain-price-rally.md) | -2.0% | -0.1% |
| PALMOIL | 2022-12-18 | [Tight grain, oilseed supplies to keep prices elevated - BusinessWorld Online](https://feedsoft.ai/events/8467-tight-grain-oilseed-supplies-to-keep-prices-elevated-businessworld-online.md) | -0.6% | +1.5% |
| PALMOIL | 2017-07-11 | [European biodiesel prices rise in line with higher rapeseed oil  : The Daily Digest](https://feedsoft.ai/events/70057-european-biodiesel-prices-rise-in-line-with-higher-rapeseed-oil-the-daily-digest.md) | -1.2% | +0.6% |
| PALMOIL | 2019-01-02 | [CPO prices to gradually rise in 2019, stockpiles remain high in 1Q](https://feedsoft.ai/events/5588-cpo-prices-to-gradually-rise-in-2019-stockpiles-remain-high-in-1q.md) | +6.1% | +8.1% |

## Sources

- graintab.com: https://www.graintab.com/whats-behind-record-rapeseed-prices/

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