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Canada ended 2022 with a canola buying spree by China, which purchased 377 percent more oilseed in the final months of the year than in the prior nine months. Canadian renewable diesel refinery projects are expanding demand for canola as a biofuel feedstock, and crush capacity could rise by about six million tonnes.
Growing domestic crush and renewable diesel demand for canola could tighten supplies available for export, supporting canola prices.
cwf.caJan 18, 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.
