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USDA FAS forecasts Canadian oilseed crush capacity reaching 12.99 million tonnes in March 2024 and 15.14 million tonnes by end-2025. Total meal production is forecast to rise 3.8% in 2024/25 on higher canola crush, while Canadian oilseed output is forecast to fall 2%.
Expanding crush capacity and higher meal output add to meal supply, which is bearish for canola meal prices.
fas.usda.govApr 5, 2024Not 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.
