# Firm eager to ride the ‘canola train’ with carinata | The Western Producer

> Agrisoma has received US FDA approval to sell carinata meal, following EU approval based on the same data package. The company is contracting carinata acreage, mainly grown as a second crop in South America, and targeting the US Southeast and northern Plains.

- Date: 2017-05-11 · published 2017-05-11T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/71110-firm-eager-to-ride-the-canola-train-with-carinata-the-western-producer
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

New approved non-GMO meal with canola-equivalent specifications could add supply in Europe and the US, a modest bearish factor for canola and rapeseed meal over time.

## Read by commodity

- SBM: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-09-26 | [Chinese demand for grain imports takes tumble \| The Western Producer](https://feedsoft.ai/events/14900-chinese-demand-for-grain-imports-takes-tumble-the-western-producer.md) | -7.2% | -3.8% |
| SBM | 2018-10-04 | [China’s cut to soybean consumption ‘unrealistic’ \| The Western Producer](https://feedsoft.ai/events/62523-china-s-cut-to-soybean-consumption-unrealistic-the-western-producer.md) | +1.5% | -0.4% |
| SBM | 2026-05-14 | [U.S. Grain/Oilseed Review: CBOT falls under the weight of soybeans \| The Western Producer](https://feedsoft.ai/events/9305-u-s-grain-oilseed-review-cbot-falls-under-the-weight-of-soybeans-the-western.md) | -2.8% | -12.8% |
| SBM | 2024-06-21 | [Looming meal glut may hinder crusher growth \| The Western Producer](https://feedsoft.ai/events/29733-looming-meal-glut-may-hinder-crusher-growth-the-western-producer.md) | +0.2% | -6.4% |
| SBM | 2023-04-14 | [China's soybean demand slump baffles market \| The Western Producer](https://feedsoft.ai/events/36428-china-s-soybean-demand-slump-baffles-market-the-western-producer.md) | -1.7% | -7.5% |

## Sources

- producer.com: https://www.producer.com/news/firm-eager-to-ride-the-canola-train-with-carinata/

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