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Richardson, Viterra and Cargill are adding 4.6 million tonnes of Canadian canola crush capacity in 2024, with a further 3.2 million tonnes from other firms at an unspecified date. Canada is forecast to export 8.8 million tonnes of canola in 2023-24.
Diverting seed to domestic crush would cut canola exports and shift more meal and oil into local supply, tightening overseas canola meal availability and supporting prices.
producer.comSean PrattJun 1, 2023Not enough comparable past events yet for a historical read.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
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.
