# Canola prices have updated another record, and rapeseed quotes are declining 29.10.2021 - UkrAgroConsult

> Canola futures on the Winnipeg exchange reached a record of about 1000 CAD/t before easing, while Paris rapeseed futures set a record of 700 EUR/t and then fell. Palm oil December futures hit a record of 5,071 ringgit/t before falling to 4,929 ringgit/t as Malaysian exports slowed. Canadian canola processing and exports rose in September and October.

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/44669-canola-prices-have-updated-another-record-and-rapeseed-quotes-are-declining-29
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher oil prices have raised biofuel feedstock costs, but softer palm exports and lower crude prices are beginning to ease vegetable oil values. Canola's supply tightness from the Canadian drought still supports prices.

## Read by commodity

- WTI: bullish ▲
- CANMEAL: bullish ▲
- PALMOIL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/canola-prices-have-updated-another-record-and-rapeseed-quotes-are-declining/

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