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Several new Saskatchewan canola crush projects were announced in the first half of 2021, adding about 5.7 million tonnes of crush capacity. Richardson, Cargill, Viterra and Ceres Global are behind the plants.
An analyst questions whether farmers will benefit given high build costs.
Added crush capacity increases domestic canola meal output over time, which tends to weigh on meal prices. It also raises competition for canola seed supply and could narrow the basis for farmers.
producer.comSean PrattJul 8, 2021Not 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.
