# Canadian canola crush hit record in 2023: StatCan - Grainews

> Statistics Canada reported that canola crush in 2023 reached a record 10.523 million tonnes, up 20% from 2022. The increase reflected high canola oil prices and strong oil exports. Canola meal output totalled 6.2 million tonnes.

- Date: 2024-03-13 · published 2024-03-13T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/31317-canadian-canola-crush-hit-record-in-2023-statcan-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Record crush increases meal supply, which is bearish for canola meal prices. Strong oil demand supports crush margins and keeps processing volumes high.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- grainews.ca: https://www.grainews.ca/daily/canadian-canola-crush-hit-record-in-2023-statcan/

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