# Sask. canola industry in for ‘drastic change’ as crop gets crushed

> 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.

- Date: 2022-06-22 · published 2022-06-22T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40911-sask-canola-industry-in-for-drastic-change-as-crop-gets-crushed
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-06-21 | [Canola growth in Saskatchewan predicted to match crushing facility development \| farmnewsNOW](https://feedsoft.ai/events/40913-canola-growth-in-saskatchewan-predicted-to-match-crushing-facility-development.md) | -3.8% | -13.4% |
| SBO | 2018-02-06 | [Trucks strike threatens Argentine cereal exports and soy crushing industry — MercoPress](https://feedsoft.ai/events/66342-trucks-strike-threatens-argentine-cereal-exports-and-soy-crushing-industry.md) | -2.0% | -0.6% |
| SBO | 2022-11-07 | [Sunseed crush in Ukraine could fall more than 25% due to energy crisis - Fastmarkets](https://feedsoft.ai/events/38797-sunseed-crush-in-ukraine-could-fall-more-than-25-due-to-energy-crisis.md) | +2.1% | -11.1% |
| SBO | 2020-12-14 | [Argentina's soybean crushers pull meal, oil offers as strikes continue - Fastmarkets](https://feedsoft.ai/events/49721-argentina-s-soybean-crushers-pull-meal-oil-offers-as-strikes-continue.md) | +1.2% | +7.4% |
| SBO | 2024-04-29 | [Argentina’s Soybean Crushers Strike Just as Harvest Gathers Pace](https://feedsoft.ai/events/13927-argentina-s-soybean-crushers-strike-just-as-harvest-gathers-pace.md) | -3.9% | +2.4% |

## Sources

- leaderpost.com: https://leaderpost.com/business/agriculture/sask-canola-industry-in-for-drastic-change-as-crop-gets-crushed/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.