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Canadian canola production fell 38% in 2021 to 12.6 million tonnes after drought. Industry leaders say new crush plants and renewable diesel demand require more canola, with cash prices above $20 per bushel.
Expanding crush capacity against a short crop keeps canola seed and meal prices firm, and renewable diesel demand supports oil values.
manitobacooperator.caAllan DawsonJan 20, 2022Not enough comparable past events yet for a historical read.
Not 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.
