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DowDuPont plans a full commercial launch next year of its ProPound canola line, whose meal contains 44 percent protein versus 37 percent in standard canola varieties and soybean meal's 47 percent. The company aims to narrow canola meal's roughly 30 percent discount to soymeal to about 10 percent.
Dairy cattle already dominate canola meal demand.
Higher-protein canola meal could take share from soybean meal in feed formulations and narrow the price discount, bearish for soymeal over time while supporting canola meal values.
producer.comD'Arce McMillanJun 7, 2018Not enough comparable past events yet for a historical read.
Not 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.
