# Ceres Global latest to build Canadian canola plant as oilseed demand spikes

> 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.

- Date: 2021-05-25 · published 2021-05-25T12:00:00.000Z
- Category: trade · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/47064-ceres-global-latest-to-build-canadian-canola-plant-as-oilseed-demand-spikes
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

More canola crushing capacity means more canola meal supply, which is bearish for meal prices, while growing crush demand supports seed prices.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/business/energy/ceres-global-build-canola-processing-facility-saskatchewan-2021-05-25/

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