# U.S. threatening Canada’s canola oil industry - Grainews

> Chris Vervaet of the Canadian Oilseed Processors Association said the US is Canada's dominant canola oil and meal customer, taking 96.2% of canola exports and 65.5% of meal exports in the first 11 months of 2024. He cited the possible 25% US tariff on Canadian goods and recent US biofuel tax credit changes as the main threats to the sector.

- Date: 2025-01-27 · published 2025-01-27T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/26601-u-s-threatening-canada-s-canola-oil-industry-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A tariff on Canadian goods would cut off most canola oil and meal exports to the US, pressuring Canadian crush margins and prices. Changes to biofuel credits could also reduce demand for canola oil.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-02-02 | [U.S. tariffs on Canadian canola industry will have widespread, devastating impacts \| Canola Council of Canada](https://feedsoft.ai/events/25995-u-s-tariffs-on-canadian-canola-industry-will-have-widespread-devastating.md) | -0.9% | +0.0% |
| SBO | 2024-07-24 | [ICE Canada Weekly: Attention on canola to soon turn from yields to demand - Grainews](https://feedsoft.ai/events/12830-ice-canada-weekly-attention-on-canola-to-soon-turn-from-yields-to-demand.md) | -3.6% | -7.7% |
| SBO | 2017-10-31 | [Canola industry urges TPP implementation to keep Canadian canola competitive \| Canola Council of Canada](https://feedsoft.ai/events/68422-canola-industry-urges-tpp-implementation-to-keep-canadian-canola-competitive.md) | +0.1% | -2.0% |
| SBO | 2024-11-12 | [Canada Know-Risk Market Outlook \| Tariff Threats Sink Grains](https://feedsoft.ai/events/12339-canada-know-risk-market-outlook-tariff-threats-sink-grains.md) | -4.4% | -9.4% |
| SBO | 2025-02-12 | [Tariff threats endanger Canada’s largest canola market \| The Western Producer](https://feedsoft.ai/events/25991-tariff-threats-endanger-canada-s-largest-canola-market-the-western-producer.md) | +2.1% | -5.2% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-threatening-canadas-canola-oil-industry/

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