# The price of canola growing in the background of a possible reduction of the crop in Europe

> Euronext rapeseed rose toward 367 euros per tonne for November delivery on lower EU production forecasts, while Ukrainian purchase prices stabilized near $405 per tonne. Russia has sharply expanded rapeseed plantings with a record harvest forecast of 2.1 million tonnes.

- Date: 2018-07-19 · published 2018-07-19T12:00:00.000Z
- Category: weather · region EU · magnitude medium
- Page: https://feedsoft.ai/events/64132-the-price-of-canola-growing-in-the-background-of-a-possible-reduction-of-the
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower EU output supports rapeseed and meal prices, while Russia's record crop could add export competition in the Black Sea region and cap gains.

## Read by commodity

- SBM: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-07-31 | [The status of the Midwest and U.S. soybean crop heading into August — AgVenture WSC](https://feedsoft.ai/events/13169-the-status-of-the-midwest-and-u-s-soybean-crop-heading-into-august-agventure-wsc.md) | -1.0% | -8.2% |
| SBM | 2019-11-25 | [Argentine wheat production is hampered by lack of rainfall - DatamarNews](https://feedsoft.ai/events/55875-argentine-wheat-production-is-hampered-by-lack-of-rainfall-datamarnews.md) | -2.6% | +0.8% |
| SBM | 2019-03-01 | [Defining Optimal Soybean Sowing Dates across the US](https://feedsoft.ai/events/60456-defining-optimal-soybean-sowing-dates-across-the-us.md) | -0.1% | +1.4% |
| SBM | 2024-01-18 | [South American Row Crop Yields](https://feedsoft.ai/events/13596-south-american-row-crop-yields.md) | +1.1% | -3.7% |
| SBM | 2022-12-26 | [Dry Conditions Slow Soybean Planting in Rio Grande do Sul, Brazil](https://feedsoft.ai/events/13684-dry-conditions-slow-soybean-planting-in-rio-grande-do-sul-brazil.md) | +5.7% | +2.5% |

## Sources

- graintrade.com.ua: https://graintrade.com.ua/en/novosti/tcini-na-ripak-pidvishuyutsya-na-tli-mozhlivogo-znizhennya-vrozhayu-v-evropi.html

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