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Reuters reports that Ceres Global will build a canola crushing plant in Western Canada, joining other new projects. The company is the latest to announce capacity expansion as demand for canola and renewable diesel feedstock grows.
More canola crushing capacity means more canola meal supply, which is bearish for meal prices, while growing crush demand supports seed prices.
reuters.comArunima KumarMay 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.
