# Canola crush growth hinges on meal, not just oil | New England Times

> Rabobank's new report says Australia could roughly double its canola crushing capacity, but growth depends on finding buyers for canola meal as well as oil. The bank estimates replacing about 1.02 million tonnes of imported meal-equivalent could add up to 2 million tonnes of crushing capacity.

- Date: 2026-08-20 · published 2026-08-20T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/6508-canola-crush-growth-hinges-on-meal-not-just-oil-new-england-times
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Domestic canola meal would displace imported soybean meal and palm kernel expeller in Australian feed, which is bearish for those imports and supportive for canola meal demand.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2026-08-20 | [New report identifies canola crushing potential \| Country News](https://feedsoft.ai/events/6509-new-report-identifies-canola-crushing-potential-country-news.md) | +4.6% | +11.2% |
| SBM | 2018-05-15 | [Crush Numbers Confirm Growing Meal Supplies \| Red River Farm Network](https://feedsoft.ai/events/65098-crush-numbers-confirm-growing-meal-supplies-red-river-farm-network.md) | -2.7% | -9.3% |
| SBM | 2021-02-19 | [North American Grain and Oilseed Review: Canola rises independently](https://feedsoft.ai/events/48743-north-american-grain-and-oilseed-review-canola-rises-independently.md) | -0.7% | -7.2% |
| SBM | 2023-03-13 | [Canola crush of 2022 smallest in five years - Grainews](https://feedsoft.ai/events/36962-canola-crush-of-2022-smallest-in-five-years-grainews.md) | -5.6% | -9.3% |
| SBM | 2023-07-21 | [Brazil's 2023 soybean crushing set for record highs driven by oil, meal demand](https://feedsoft.ai/events/35113-brazil-s-2023-soybean-crushing-set-for-record-highs-driven-by-oil-meal-demand.md) | +4.5% | -7.2% |

## Sources

- netimes.com.au: https://www.netimes.com.au/2026/08/20/canola-crush-growth-hinges-on-meal-not-just-oil/

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