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Bloomberg reports Canadian processors plan to raise canola crush capacity by 50% to supply North America's renewable fuel market. Exports could fall by as much as 4 million tonnes within two to three years as new capacity comes online.
Diverting canola to crushing lowers export availability and boosts meal output domestically, tightening canola oil supply for biofuel while raising canola meal supply for feed.
ajot.comBloombergApr 6, 2023Not enough comparable past events yet for a historical read.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% 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.
