# Rapeseed meal prices drop 13% but soybean meal price stays steady  : The Daily Digest

> German wholesale rapeseed meal asking prices fell nearly 13% over recent weeks to EUR 186 per tonne ex production facility, due to rising new-crop supply and lower feedstock prices. Brazilian GMO-free soybean meal eased only 3.5% from early June to EUR 442 per tonne, so rapeseed meal became substantially more competitive.

- Date: 2017-08-05 · published 2017-08-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/69537-rapeseed-meal-prices-drop-13-but-soybean-meal-price-stays-steady-the-daily
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Cheaper rapeseed meal relative to soybean meal gives European feed buyers a substitution incentive, which pressures soybean meal demand and supports the lower canola meal price.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/rapeseed-meal-prices-drop-13-but-soybean-meal-price-stays-steady/

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