# Canola growth in Saskatchewan predicted to match crushing facility development | farmnewsNOW

> Saskatchewan's crush capacity is about 4.3 million tonnes, and newly announced plants from Cargill, Richardson, FCL and Ceres are expected to add about 6.8 million tonnes. Cargill's Regina plant is slated to be operational by 2024.

- Date: 2022-06-21 · published 2022-06-21T12:00:00.000Z
- Category: logistics · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40913-canola-growth-in-saskatchewan-predicted-to-match-crushing-facility-development
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding crush capacity increases canola meal output and creates more domestic demand for canola seed, shaping canola meal and oil supply in coming years.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-06-22 | [Sask. canola industry in for ‘drastic change’ as crop gets crushed](https://feedsoft.ai/events/40911-sask-canola-industry-in-for-drastic-change-as-crop-gets-crushed.md) | -2.9% | -13.9% |
| SBO | 2024-05-09 | [Argentine grains ports and crushing plants idled due to general strike - DatamarNews](https://feedsoft.ai/events/13924-argentine-grains-ports-and-crushing-plants-idled-due-to-general-strike.md) | +2.4% | +4.3% |
| 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 | 2018-07-25 | [Report: Bunge to shutter Argentine soy crushing plant \| World-grain.com \| July 25, 2018 13:55 \| World Grain](https://feedsoft.ai/events/63873-report-bunge-to-shutter-argentine-soy-crushing-plant-world-grain-com-july-25.md) | +1.7% | +1.2% |
| SBO | 2019-12-13 | [Argentine soy giant Vicentin suspends crushing amid debt crisis - sources \| Financial Post](https://feedsoft.ai/events/55421-argentine-soy-giant-vicentin-suspends-crushing-amid-debt-crisis-sources.md) | +5.5% | +5.0% |

## Sources

- farmnewsnow.com: https://farmnewsnow.com/2022/06/21/canola-crush/

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