# Canada's canola crushing facilities will reduce competition against Australia | Farm Weekly | WA

> Structural changes driven by North American biofuel policy have increased global canola demand and shifted export flows. Canada is expected to have four million tonnes of canola crushing capacity online by early 2024, with Louis Dreyfus, Richardson, Cargill and Viterra expanding crush plants.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: policy · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/36052-canada-s-canola-crushing-facilities-will-reduce-competition-against-australia
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

More domestic Canadian crushing reduces canola seed exports and increases meal and oil output, which tightens seed availability for importers and adds meal supply to the market.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-08-09 | [Canola crushing it \| World Grain](https://feedsoft.ai/events/34553-canola-crushing-it-world-grain.md) | -0.4% | -5.1% |
| SBO | 2023-02-24 | [Renewable diesel facilities will need a billion bushels of soybeans to meet needs](https://feedsoft.ai/events/15336-renewable-diesel-facilities-will-need-a-billion-bushels-of-soybeans-to-meet.md) | -1.4% | -9.6% |
| SBO | 2023-04-06 | [Canada’s canola exports drop as cooking oil kings bet on fuel](https://feedsoft.ai/events/36360-canada-s-canola-exports-drop-as-cooking-oil-kings-bet-on-fuel.md) | -4.6% | -8.1% |
| SBO | 2026-10-27 | [Growing US biofuel production intensifies competition for soybean oil](https://feedsoft.ai/events/17179-growing-us-biofuel-production-intensifies-competition-for-soybean-oil.md) | -0.5% | — |
| SBO | 2022-12-07 | [Renewable diesel boom fueling soybean crushing expansion \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15347-renewable-diesel-boom-fueling-soybean-crushing-expansion-agri-pulse.md) | -1.4% | -5.2% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8205790/demand-to-drive-support-for-aussie-canola/

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