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Richardson International and other processors have announced Canadian canola crushing expansions, lifting national capacity by 4.6 million tonnes, or about 42%, to 15.6 million tonnes by 2024. Viterra plans a 2.5 million-tonne plant at Regina, and Cargill plans a 1 million-tonne crusher.
Higher crush capacity boosts canola demand and is expected to raise meal output, which could pressure canola meal prices over time.
manitobacooperator.caAllan DawsonMay 10, 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.
