# Canola enjoys U.S. soybean oil's success | The Western Producer

> U.S. soybean oil was trading at a US$150 per tonne premium over South American oil, up from US$20 in April. USDA data show U.S. domestic demand absorbs 93 percent of its output, driven by a 28 percent rise in industrial use including biodiesel, while Brazilian domestic demand is falling after a biodiesel blend cut.

- Date: 2022-06-15 · published 2022-06-15T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/7215-canola-enjoys-u-s-soybean-oil-s-success-the-western-producer
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Strong U.S. biofuel-driven demand for soyoil supports canola seed prices, which track soyoil, while weaker Brazilian biodiesel use reduces price pressure in South America.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +10.1% | +8.6% |
| SBO | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -2.8% | -8.8% |
| SBO | 2023-05-25 | [Clean energy decision could soon impact oilseed markets \| The Western Producer](https://feedsoft.ai/events/15306-clean-energy-decision-could-soon-impact-oilseed-markets-the-western-producer.md) | -1.5% | +17.5% |
| SBO | 2026-05-06 | [How long can soy oil prop up the soybean market?](https://feedsoft.ai/events/19356-how-long-can-soy-oil-prop-up-the-soybean-market.md) | -3.6% | -3.3% |
| SOY | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +2.5% | -4.3% |
| SOY | 2020-01-09 | [Argentine soybeans facing tax increases \| The Western Producer](https://feedsoft.ai/events/54929-argentine-soybeans-facing-tax-increases-the-western-producer.md) | -1.0% | -6.1% |
| SOY | 2026-05-06 | [How long can soy oil prop up the soybean market?](https://feedsoft.ai/events/19356-how-long-can-soy-oil-prop-up-the-soybean-market.md) | +1.5% | -3.5% |

## Sources

- producer.com: https://www.producer.com/news/canola-enjoys-u-s-soybean-oils-success/

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