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Grain companies are investing about $2 billion to expand canola crush capacity in Western Canada to meet growing North American biofuel demand. Industry officials say farmers will need higher canola productivity to supply the new plants.
Expanding crush capacity increases demand for canola seed and supports canola values, while biofuel-driven oil demand strengthens the crush economics.
country-guide.caMark HalsallDec 5, 2022Not 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.
