# Priority No. 1 for canola growers: ‘produce more’ - Grainews

> Grain companies are investing about $2 billion to expand canola crush capacity in Western Canada, with demand for biodiesel and renewable diesel in North America projected to exceed 17 billion litres by 2030. Industry officials say farmers will need higher canola productivity to supply the new plants.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: policy · region Canada · magnitude low
- Page: https://feedsoft.ai/events/39096-priority-no-1-for-canola-growers-produce-more-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding crush capacity and biofuel-driven demand should lift long-term canola seed demand and support prices, while more domestic crush increases canola meal output.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-12-05 | [Priority No. 1 for Canola Growers: 'Produce More'](https://feedsoft.ai/events/38195-priority-no-1-for-canola-growers-produce-more.md) | -6.1% | -9.6% |
| SBO | 2017-03-02 | [Canola's rally pushes cash prices higher - Grainews](https://feedsoft.ai/events/72117-canola-s-rally-pushes-cash-prices-higher-grainews.md) | -3.5% | -6.6% |
| 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% |
| 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% |

## Sources

- grainews.ca: https://www.grainews.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.