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Canadian canola processors, including Louis Dreyfus and Parrish & Heimbecker, are expanding or building facilities in Western Canada. Industry groups said the expansion depends on rail service and regulatory measures such as extended interswitching.
Most oil moves south by tanker rail car, and canola meal is shipped as pellets.
Greater crush capacity will raise canola meal supply, which is bearish for meal prices if rail service holds up. Rail bottlenecks could strand meal and limit exports.
canoladigest.caJay WhetterOct 31, 2023Not 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.
