# Fall in oil and euro gains against dollar drive rapeseed lower

> Euronext rapeseed for February 2027 closed down €10.50 at €528/t on 4 November, its lowest since 25 August, and traded flat the next morning. Argus reported that rapeseed oil also fell, with the February CME FOB Dutch Mill contract at €1,210/t, as oil dropped and the euro rose above 1.1250 against the dollar.

- Date: 2026-11-05 · published 2026-11-05T12:06:20.404Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/81586-fall-in-oil-and-euro-gains-against-dollar-drive-rapeseed-lower
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A weaker oil complex and a stronger euro reduce the euro-denominated value of European oilseeds and meal, easing feed input costs for European buyers. Lower biofuel margins also reduce demand support for rapeseed oil.

## Read by commodity

- SBO: bearish ▼
- BRENT: bearish ▼
- EURUSD: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-07-01 | [Dollar lowest since 2021 against euro, gains on yen](https://feedsoft.ai/events/24469-dollar-lowest-since-2021-against-euro-gains-on-yen.md) | -0.5% | -2.0% |
| EURUSD | 2022-12-15 | [Sterling falls against dollar and euro on 'dovish' UK rate hike](https://feedsoft.ai/events/38477-sterling-falls-against-dollar-and-euro-on-dovish-uk-rate-hike.md) | -0.5% | +1.5% |
| EURUSD | 2023-11-30 | [US dollar gains but set for worst monthly loss in a year, euro falls](https://feedsoft.ai/events/33379-us-dollar-gains-but-set-for-worst-monthly-loss-in-a-year-euro-falls.md) | -1.6% | +0.9% |
| EURUSD | 2025-03-04 | [Euro gains after German debt reform; US dollar falls](https://feedsoft.ai/events/5800-euro-gains-after-german-debt-reform-us-dollar-falls.md) | +3.2% | +2.9% |
| EURUSD | 2022-09-28 | [Sterling, euro rally against dollar after Bank of England buys UK bonds](https://feedsoft.ai/events/39830-sterling-euro-rally-against-dollar-after-bank-of-england-buys-uk-bonds.md) | +3.8% | +4.7% |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |
| BRENT | 2020-03-22 | [Ringgit opens lower against US dollar in early session \| Malaysiakini](https://feedsoft.ai/events/54380-ringgit-opens-lower-against-us-dollar-in-early-session-malaysiakini.md) | -10.0% | -19.8% |
| BRENT | 2022-12-06 | [Ringgit ends lower against US dollar as oil prices decline \| Malay Mail](https://feedsoft.ai/events/38501-ringgit-ends-lower-against-us-dollar-as-oil-prices-decline-malay-mail.md) | -6.1% | -7.8% |

## Sources

- lafranceagricole.fr: https://www.lafranceagricole.fr/tendances-oleagineux/article/905731/baisse-du-petrole-et-progression-de-l-euro-face-au-dollar-font-chuter-le-colza

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