# U.S. goes on canola oil buying spree | The Western Producer

> Canadian canola oil exports to the US hit a record 2.6 million tonnes in 2022-23, with the US taking 86% of shipments. Sales to China fell to 144,985 tonnes that year. The Canadian Oilseed Processors Association expects output to rise toward seven million tonnes over five years as new plants come online.

- Date: 2023-11-17 · published 2023-11-17T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/33174-u-s-goes-on-canola-oil-buying-spree-the-western-producer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Growing US renewable diesel and sustainable aviation fuel demand for vegetable oils is pulling Canadian canola oil away from other markets, supporting oil prices and competing with soybean oil feedstock.

## Read by commodity

- SBO: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-12-02 | [Canola crush capacity use back to normal \| The Western Producer](https://feedsoft.ai/events/21446-canola-crush-capacity-use-back-to-normal-the-western-producer.md) | -2.3% | -5.7% |
| SBO | 2026-08-25 | [Can the US Quit Canada's Canola Oil? \| the deep dive](https://feedsoft.ai/events/6514-can-the-us-quit-canada-s-canola-oil-the-deep-dive.md) | +8.1% | +2.0% |
| SBO | 2025-07-02 | [ICE Weekly: Trade talks, weather lifting canola prices - Grainews](https://feedsoft.ai/events/23873-ice-weekly-trade-talks-weather-lifting-canola-prices-grainews.md) | +1.1% | +2.9% |
| SBO | 2026-05-26 | [US buying and vegetable oil price rallies push month-on-month…](https://feedsoft.ai/events/19399-us-buying-and-vegetable-oil-price-rallies-push-month-on-month.md) | +2.8% | -2.8% |
| SBO | 2020-02-21 | [High Oleic Soybean Oil Popularity Sprouting Around the World \| United Soybean Board](https://feedsoft.ai/events/54690-high-oleic-soybean-oil-popularity-sprouting-around-the-world-united-soybean.md) | -4.3% | -15.4% |

## Sources

- producer.com: https://www.producer.com/news/u-s-goes-on-canola-oil-buying-spree/

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