# Another canola crushing project planned for the Prairies - Grainews

> 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.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/47061-another-canola-crushing-project-planned-for-the-prairies-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

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.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/blog/lees-insight/another-canola-crushing-project-planned-for-the-prairies/

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