# ICE Canola Board Margin Index Close - July 18 - MarketsFarm

> The ICE Canola Board Crush Margin fell sharply from mid-July levels, with November 2024 canola at C$102.00 per tonne on July 18 versus C$146.67 a week earlier. The index is based on soybean oil and meal values minus canola futures.

- Date: 2024-07-19 · published 2024-07-19T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/12831-ice-canola-board-margin-index-close-july-18-marketsfarm
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A collapsing crush margin signals that canola is expensive relative to soy products, which discourages crushing and weighs on canola demand.

## Read by commodity

- SBM: neutral
- CANMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| CANMEAL | 2024-07-22 | 1 | -5.0% | -2.7 | A sharp drop in the ICE canola crush margin index through July 18 signals weaker processing economics and falling canola values, consistent with downward pressure on canola meal heading into July 22. |

## Sources

- marketsfarm.com: https://marketsfarm.com/ice-canola-board-margin-index-close-july-18-2/

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