# Premier Scott Moe: Canola market can expand

> Saskatchewan Premier Scott Moe said Canadian canola can expand into domestic North American and European markets, especially for renewable fuels. The comments follow a research report showing 90% of Canada's canola exports go to the US and China, and a deal cutting China's canola seed tariff to about 16%.

- Date: 2026-01-23 · published 2026-01-23T12:00:00.000Z
- Category: policy · region Canada · magnitude low
- Page: https://feedsoft.ai/events/9485-premier-scott-moe-canola-market-can-expand
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced Chinese tariffs support canola demand, but the market's reliance on two buyers keeps it exposed to trade disruption. Diversification into biofuels could support demand over the longer term.

## Read by commodity

- SBO: neutral
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2025-02-03 | [Argentina’s meal market remains slow despite export tax cut](https://feedsoft.ai/events/13880-argentina-s-meal-market-remains-slow-despite-export-tax-cut.md) | -0.9% | +0.0% |
| SBO | 2026-03-25 | [ICE Canada Weekly: More behind canola, soyoil than crude oil prices - Grainews](https://feedsoft.ai/events/20290-ice-canada-weekly-more-behind-canola-soyoil-than-crude-oil-prices-grainews.md) | +3.8% | +5.7% |
| SBO | 2021-08-27 | [Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder](https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher.md) | -1.8% | -4.6% |
| SBO | 2022-05-13 | [Southeast region cuts palm oil export tax. How will it impact the biodiesel market?](https://feedsoft.ai/events/15824-southeast-region-cuts-palm-oil-export-tax-how-will-it-impact-the-biodiesel.md) | -5.0% | -5.4% |
| SBO | 2021-08-30 | [Biofuel rumors loom over soybean market - McKeany-Flavell](https://feedsoft.ai/events/45593-biofuel-rumors-loom-over-soybean-market-mckeany-flavell.md) | -1.7% | -3.9% |

## Sources

- bnnbloomberg.ca: https://www.bnnbloomberg.ca/business/2026/01/23/china-and-us-are-premium-canola-markets-but-theres-opportunity-to-expand-premier-scott-moe/

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