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Canadian Oilseed Processors Association expects canola crush capacity to grow by 5.7 million tonnes over the next few years, a 50 percent increase. An analyst expects roughly 3.5 to 4 million tonnes of extra annual canola meal output, with the United States the main buyer and its market already heavy with soybean meal.
Rising canola meal supply without a clear export outlet could weigh on canola meal prices and pressure the wider protein meal complex, including soybean meal, which is also expected to grow.
producer.comSean PrattJan 26, 2023Not enough comparable past events yet for a historical read.
Not 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.
