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ICE calculated canola crush margins set a record above $350 per tonne in early April, exceeding the prior record set during the Ukraine invasion. Margins were under $60 per tonne a year earlier.
The DTN analyst argues that crushers should share profits with producers.
Record margins signal very strong crush demand for canola and soybean oil. Robust soyoil demand supports vegetable oil prices and encourages crushing.
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.