Canola, Time for a Sale

[LWeber]

Are any of the new crush plants buying yet?

"Our new canola crush plant in West Regina, Saskatchewan, is anticipated to open in the second half of 2025."

[shtferbrains]

IMHO Biofuel to the California market might be one of the higher risks for tariffs?

[Wheatking]

"Our new canola crush plant in West Regina, Saskatchewan, is anticipated to open in the second half of 2025."

So how many of the actual announced crush plants are going to be built;

Cargill Regina - 2025 completion. 1 million tonne capacity

FCL/AGT Regina- Supposed 2027 completion date, but I don't think they have broken ground yet. I can't find any hard numbers on the size of the crush plant.

Ceres Global - Dead was supposed to be a 1.1 million tonne crush plant

Viterra Regina - Postponed until bunge merger resolution. 2.5 million tonne capacity. Was supposed to be built by late 24/ early 25. I'd bet the farm that this never gets built, and if it does equivalent bunge plants will be mothballed.

Richardson Pionneer Yorkton. 1.1 million tonnes in increased capacity. should be done by now, but I can't find any news articles on it.

Louis Dreyfus Yorkton. 1.1 million tonnes. Should be done in 2025.

Total Guaranteed Canola expansion for harvest 2025 = 3.2 million tonnes.

Possible future crush(I'd be amazed if both get built) = 3 million tonnes approx for a total of 17


Our harvest 2025 crush capacity up to approximately 14 million tonnes. This would tell me basis should significantly improve for next year.

[ajl]

Bunge is supposed to build a new crush plant in Lamont county AB, which is the 'hood for me, replacing the old Fort SK facility. Would be nice but I doubt it gets built as well since it has been at the announcement stage for 2 years now.

[bucket]

Typical big announcements , then crickets.

AGT was supposed to build a pasta plant back in the day. Whatever happened???? AGT was supposed to rebuild the Churchill rail line as well, I see that is back on the government tit. Off topic , just some random things I have noticed over the years.

[Sodbuster]

Canola down only $6.70 today after 2 big down days for soyoil and soybeans, you have to think there is some major support for canola. I’m thinking this canola crop is getting smaller and most of the players already know that, still think it will take a couple of months before we move much more. Buyers are pick the low hanging fruit first.

[shtferbrains]

Are any of the new crush plants buying yet?

I know a guy working on the Dreyfus plant in Yorkton.
Equipment is just arriving and steel is going up.
I think there is a pea fractionation plant being built on the same site?