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Australian rapeseed (canola) prices in Victoria fell 4.6% over the week to AUD 754 per tonne on a Geelong-Melbourne port basis, the lowest in eight months. The decline followed weaker French rapeseed futures and a sharp fall in crude oil after the US midterm results.
The Australian dollar also hit an eight-month low at 68.9 US cents.
Lower European futures and crude prices weaken the biofuel demand case for vegetable oils and pressure Australian export values. Buyers sourcing oilseed meal from Australia may see softer offers, though a weaker currency partly offsets this.
ukragroconsult.comNov 12, 2026Not 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.
