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Federated Co-operatives and AGT Foods put on hold a planned $2 billion canola processing and renewable diesel project in Regina, citing rising costs and regulatory and political uncertainty. The project would have included a crushing plant and a refining plant, and the decision came days before Trump's inauguration.
Pausing new crush capacity reduces expected future demand for Canadian canola and the meal it produces, a bearish signal for long-run canola meal supply balances. The move also reflects weakening biofuel demand that weighs on vegetable oil pricing.
theglobeandmail.comKate HelmoreFeb 19, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
