# Chinese canola purchases surpass USDA expectations | The Western Producer

> The Western Producer reports that China bought about 5.1 million tonnes of canola in the crop year ending in September, well above the USDA's January forecast of 2.5 million tonnes. Analysts attribute the purchases to Canada's production rebound, Australia's record crop and strong global vegetable oil prices.

- Date: 2023-09-28 · published 2023-09-28T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/34059-chinese-canola-purchases-surpass-usda-expectations-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong Chinese canola demand supported canola prices over the past year, but the USDA projects lower Chinese imports in 2023-24, which weighs on the outlook for canola and related meal.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-09-22 | [Chinese canola purchases surpass USDA expectations \| The Western Producer](https://feedsoft.ai/events/34057-chinese-canola-purchases-surpass-usda-expectations-the-western-producer.md) | -2.5% | -5.2% |
| SBO | 2025-12-15 | [Canola carryout problem requires policy changes \| The Western Producer](https://feedsoft.ai/events/21447-canola-carryout-problem-requires-policy-changes-the-western-producer.md) | -3.3% | -1.2% |
| SBO | 2023-06-08 | [Emerging canola processing at home will affect exports \| The Western Producer](https://feedsoft.ai/events/35462-emerging-canola-processing-at-home-will-affect-exports-the-western-producer.md) | +9.0% | +25.4% |
| SBO | 2023-06-01 | [Emerging canola processing at home will affect exports \| The Western Producer](https://feedsoft.ai/events/35458-emerging-canola-processing-at-home-will-affect-exports-the-western-producer.md) | +4.8% | +21.3% |
| SBO | 2023-03-23 | [High prices keep Canadian canola out of European Union \| The Western Producer](https://feedsoft.ai/events/36960-high-prices-keep-canadian-canola-out-of-european-union-the-western-producer.md) | -1.7% | -3.7% |

## Sources

- producer.com: https://www.producer.com/markets/chinese-canola-purchases-surpass-usda-expectations-2/

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