# 2021 starting off with some positive signs for canola producers | Red Deer Advocate

> Alberta canola producers report high prices and a low expected carry-out for 2021. They are pushing for higher biofuel blending requirements and hoping China eases its restrictions on Canadian canola.

- Date: 2021-02-20 · published 2021-02-20T12:00:00.000Z
- Category: policy · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/48613-2021-starting-off-with-some-positive-signs-for-canola-producers-red-deer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A low carry-out and possible biofuel demand support canola and meal prices, while a Chinese reopening would add further demand.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## 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 | 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 | 2021-01-07 | [D4 RINs seen supporting producer margins through 2021  : The Daily Digest](https://feedsoft.ai/events/49014-d4-rins-seen-supporting-producer-margins-through-2021-the-daily-digest.md) | -3.3% | +2.2% |
| 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 | 2025-09-03 | [Higher RVOs Create Positive Outlook for Biodiesel](https://feedsoft.ai/events/15093-higher-rvos-create-positive-outlook-for-biodiesel.md) | -3.2% | -5.7% |

## Sources

- reddeeradvocate.com: https://reddeeradvocate.com/2021/02/20/2021-starting-off-with-some-positive-signs-for-canola-producers/

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