# Increased supply of GMO-free soybean weighed down price advantage of rapeseed meal  : The Daily Digest

> German GMO-free soybean meal prices fell about 9 percent since late April, to around EUR 466 per tonne, while rapeseed meal held near EUR 211. The price spread between the two narrowed sharply, dropping below EUR 3.30 per tonne, the lowest since May 2016.

- Date: 2017-06-18 · published 2017-06-18T12:00:00.000Z
- Category: market · region Europe · magnitude low
- Page: https://feedsoft.ai/events/70597-increased-supply-of-gmo-free-soybean-weighed-down-price-advantage-of-rapeseed
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Rising South American GMO-free soybean supply has eroded rapeseed meal's price advantage in German compound feed, reducing its appeal to feed buyers and pressuring rapeseed meal demand.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/increased-supply-of-gmo-free-soybean-weighed-down-price-advantage-of-rapeseed-meal/

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