# Against the grain: Canola drops to eight-month low

> Victorian canola prices fell 4.6% to an eight-month low, while French rapeseed futures declined 6% in the week. Wheat prices also weakened amid expectations of easing geopolitical and Black Sea supply disruptions; cool weather and showers in Victoria lifted yield expectations, while grain fill conditions were expected to dilute wheat protein levels.

- Date: 2026-11-11 · published 2026-11-11T21:08:51.057Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/94201-against-the-grain-canola-drops-to-eight-month-low
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expectations of resumed energy flows and greater Black Sea grain availability weigh on export-crop prices, while stronger yield prospects add to supply pressure. A weaker Australian dollar may cushion local prices, but it also reflects broader currency and macroeconomic uncertainty.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-07-12 | [Dollar rises to 20-year highs, sends grains lower – The Seam](https://feedsoft.ai/events/5974-dollar-rises-to-20-year-highs-sends-grains-lower-the-seam.md) | +7.2% | +7.0% |
| WHEAT | 2021-01-25 | [European ethanol producers to scale back production in Q2 as margins crash  : The Daily Digest](https://feedsoft.ai/events/49156-european-ethanol-producers-to-scale-back-production-in-q2-as-margins-crash-the.md) | +5.0% | +3.5% |
| WHEAT | 2021-02-27 | [Commodity returns plunge the most in months amid stronger dollar](https://feedsoft.ai/events/48541-commodity-returns-plunge-the-most-in-months-amid-stronger-dollar.md) | +1.8% | -0.5% |
| WHEAT | 2017-02-08 | [Keeping Canada competitive in the international grain trade](https://feedsoft.ai/events/72454-keeping-canada-competitive-in-the-international-grain-trade.md) | -0.0% | -0.6% |
| WHEAT | 2021-05-21 | [The peso depreciates against the dollar by 2 factors - Opportimes](https://feedsoft.ai/events/47311-the-peso-depreciates-against-the-dollar-by-2-factors-opportimes.md) | -1.7% | +2.2% |

## Sources

- weeklytimesnow.com.au: https://www.weeklytimesnow.com.au/cropping/grain-and-oilseed-prices-for-melbourne-adelaide-oaklands/news-story/38a98b47b580e2b3d6b08001490d2f9a?nk=08bede28fefe20ab59c3dfab6c0c4dca-1794427424

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