# Priority No. 1 for Canola Growers: 'Produce More'

> Grain companies are investing about $2 billion to expand canola crush capacity in Western Canada to meet growing North American biofuel demand. Industry officials say farmers will need higher canola productivity to supply the new plants.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: policy · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/38195-priority-no-1-for-canola-growers-produce-more
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding crush capacity increases demand for canola seed and supports canola values, while biofuel-driven oil demand strengthens the crush economics.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-10-27 | [Priority No. 1 for canola growers: ‘produce more’ - Grainews](https://feedsoft.ai/events/39096-priority-no-1-for-canola-growers-produce-more-grainews.md) | +1.2% | -1.2% |
| SBO | 2024-07-19 | [Canola sector gets biofuel shock \| The Western Producer](https://feedsoft.ai/events/29212-canola-sector-gets-biofuel-shock-the-western-producer.md) | -0.7% | -9.5% |
| SBO | 2021-02-20 | [2021 starting off with some positive signs for canola producers \| Red Deer Advocate](https://feedsoft.ai/events/48613-2021-starting-off-with-some-positive-signs-for-canola-producers-red-deer.md) | +6.1% | +17.1% |
| SBO | 2025-10-30 | [Budget 2025: What support Canadian canola producers want to see](https://feedsoft.ai/events/22376-budget-2025-what-support-canadian-canola-producers-want-to-see.md) | -1.9% | -0.7% |
| SBO | 2017-04-27 | [U.S. proposes biodiesel tax credit for producers \| World-grain.com \| April 27, 2017 14:43 \| World Grain](https://feedsoft.ai/events/71383-u-s-proposes-biodiesel-tax-credit-for-producers-world-grain-com-april-27-2017.md) | +1.3% | +1.2% |

## Sources

- country-guide.ca: https://www.country-guide.ca/crops/priority-no-1-for-canola-growers-produce-more/

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