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Ceres Global plans a C$350 million canola crushing plant near its Northgate, Saskatchewan grain terminal, with capacity to crush 1.1 million tonnes of canola a year. The plant is due to open in 2024 and will connect directly to BNSF Railway.
Added crush capacity raises domestic demand for canola seed and increases meal output, which could weigh on canola meal prices once the plant starts operating.
grainews.caLee HartMay 25, 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.
