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Saskatchewan is set for major canola crushing expansion, with Viterra suggesting the province could move from crushing about half its crop to roughly 90 percent if several plants come online. Five companies have announced crushers or expansions, largely around Regina.
Rising domestic crush capacity shifts more canola into meal and oil, adding supply of canola meal and increasing demand for seed, which affects canola meal and oil price balances.
leaderpost.comJeremy SimesJun 22, 2022Not enough comparable past events yet for a historical read.
After 85 past bullish logistics events, Soybean Oil moved a median +0.7% over 5 sessions (64% higher; middle half -1.3% to +2.7%), and +3.1% 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.
