
Canadian canola growers are not sharing in record crush margins, according to a DTN analyst, who says margins have risen about $150 per tonne since January. The ICE canola board crush margin hit a record above $350 per tonne in April, versus roughly $120 a year earlier.
Strong crush margins, driven by biofuel demand and energy prices, encourage crushing and support canola oil and meal values. Farmers may cut canola acres if they cannot capture part of that margin, which could tighten future seed supply.
Not 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.