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Canola crush expansion in Western Canada is expected to add about three million tonnes of canola meal to the market, roughly doubling local meal production. Researchers are courting new feed demand in India, Bangladesh, Malaysia and Southeast Asia to absorb the supply.
A larger export push for canola meal into Asia adds supply that could pressure canola meal prices unless new demand materializes, while also supporting canola crush economics.
realagriculture.comKelvin HeppnerFeb 6, 2023Not enough comparable past events yet for a historical read.
After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% 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.
