# Rap price goes to 370.00 EUR / t - Canada's 7% smaller

> German market report says the rapeseed price rose to 370.00 EUR per tonne. The move is attributed to a Canadian canola harvest about 7% smaller than expected and firmer soybean prices.

- Date: 2017-09-06 · published 2017-09-06T12:00:00.000Z
- Category: weather · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/69070-rap-price-goes-to-370-00-eur-t-canada-s-7-smaller
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A smaller Canadian canola crop tightens rapeseed meal supply for export and feed buyers, supporting meal prices. Firmer soybeans add to the upward pressure on protein values.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-19 | [U.S. grains: Wheat, corn rally to highest since December - AgCanada](https://feedsoft.ai/events/11816-u-s-grains-wheat-corn-rally-to-highest-since-december-agcanada.md) | +3.4% | +14.0% |
| SOY | 2023-07-19 | [Dry weather in Canada is fueling speculative canola prices](https://feedsoft.ai/events/35145-dry-weather-in-canada-is-fueling-speculative-canola-prices.md) | +1.6% | -11.3% |
| SOY | 2016-05-12 | [Soybean prices rally as P.E.I. farmers prepare to plant](https://feedsoft.ai/events/6525-soybean-prices-rally-as-p-e-i-farmers-prepare-to-plant.md) | +0.5% | +9.9% |
| SOY | 2019-05-29 | [How high can grain prices grow \| Saxo](https://feedsoft.ai/events/10898-how-high-can-grain-prices-grow-saxo.md) | +3.0% | +5.5% |
| SOY | 2017-07-28 | [Weather events cause global feed prices to dip - Pig World](https://feedsoft.ai/events/70040-weather-events-cause-global-feed-prices-to-dip-pig-world.md) | -4.4% | -5.4% |

## Sources

- zmp.de: https://www.zmp.de/en/futures/news/press-review-rap-price-goes-37000-eur-t-canadas-7-smaller-canola-harvest-and-firmer

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