# Emerging canola processing at home will affect exports | The Western Producer

> Richardson, Viterra, Cargill and others plan to add 7.8 million tonnes of Canadian canola crushing capacity, with about 4.6 million tonnes due in 2024. Canada is forecast to export 8.8 million tonnes in 2023-24, and some export decline is expected.

- Date: 2023-06-08 · published 2023-06-08T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/35462-emerging-canola-processing-at-home-will-affect-exports-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Much of the new domestic demand will absorb canola that would otherwise be exported, reducing export supply and supporting domestic canola and meal prices.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-09-22 | [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 | 2023-09-28 | [Chinese canola purchases surpass USDA expectations \| The Western Producer](https://feedsoft.ai/events/34059-chinese-canola-purchases-surpass-usda-expectations-the-western-producer.md) | +0.4% | -7.1% |
| 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% |
| 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% |

## Sources

- producer.com: https://www.producer.com/markets/emerging-canola-processing-at-home-will-affect-exports-2/

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