# Robust Canola Markets Outlook | Nuseed Canada

> Nuseed reports that U.S. and Canadian canola markets were strong in 2023 and look robust for 2024. U.S. canola acreage is up over 2.3 million acres, and canola oil demand is growing in food and biofuel uses.

- Date: 2024-04-01 · published 2024-04-01T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/30710-robust-canola-markets-outlook-nuseed-canada
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Steady biofuel-driven demand for canola oil supports crush margins and the meal supply that follows. Policy uncertainty in California and federal RFS targets is the main risk to that demand.

## Sources

- nuseed.com: https://nuseed.com/ca/robust-canola-markets-outlook/

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