The USDA November Oilseeds Report raised its 2026/27 global rapeseed production forecast to 100.246 million tons, up 4.211 million year on year. Ending stocks were projected at 11.842 million tons, up 884,000 tons.
On November 10, the ZCE rapeseed meal contract closed at 2,243 RMB/ton and the rapeseed oil contract at 9,779 RMB/ton.
Higher crush supply points to a looser balance for rapeseed meal, a protein feed ingredient, which is moderately bearish for meal prices. Rapeseed oil faces similar supply pressure, which may cap oil prices as well.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.