# Canola exports, soy oil and meal all affect canola’s price | The Western Producer

> Canadian canola exports reached 4.295 million tonnes at the crop-year midpoint, in line with Agriculture Canada's 8.6 million tonne full-year forecast. Domestic crush is running slightly ahead of forecast, and the ICE canola board crush margin remains above $200 per tonne.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/37285-canola-exports-soy-oil-and-meal-all-affect-canola-s-price-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Export pace matching forecasts and strong crush margins support steady canola meal output, while softer soybean oil prices trim crush profitability.

## Read by commodity

- SBO: bearish ▼
- CANMEAL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2026-04-10 | [CBOT review: Soybeans rise with soymeal \| The Western Producer](https://feedsoft.ai/events/11662-cbot-review-soybeans-rise-with-soymeal-the-western-producer.md) | -3.0% | +4.2% |
| SBO | 2021-07-14 | [Veg oil complex rides rollercoaster \| The Western Producer](https://feedsoft.ai/events/46181-veg-oil-complex-rides-rollercoaster-the-western-producer.md) | +1.8% | +0.8% |
| SBO | 2021-12-13 | [USDA sees little renewable diesel benefit for soybean oil \| The Western Producer](https://feedsoft.ai/events/43703-usda-sees-little-renewable-diesel-benefit-for-soybean-oil-the-western-producer.md) | +0.9% | +5.0% |
| SBO | 2024-02-02 | [EPA underestimated U.S. biodiesel production \| The Western Producer](https://feedsoft.ai/events/15237-epa-underestimated-u-s-biodiesel-production-the-western-producer.md) | +2.4% | -1.2% |
| SBO | 2017-09-18 | [Ukraine kept the leading positions in sunflower oil production and exports - Ukroliyaprom -](https://feedsoft.ai/events/69078-ukraine-kept-the-leading-positions-in-sunflower-oil-production-and-exports.md) | -1.6% | -3.1% |

## Sources

- producer.com: https://www.producer.com/markets/canola-exports-soy-oil-and-meal-all-affect-canolas-price/

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