# Statistics Canada Reports Record October Canola Crush

> Statistics Canada reported a record October canola crush of about 974,000 tonnes, the second consecutive monthly rise. The August-October cumulative crush was 2.73 million tonnes, up 17.9% from the same period last year. The oil content of the crop and the ICE canola board margin, at historically high levels, were also noted.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/33177-statistics-canada-reports-record-october-canola-crush
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Record crush output adds to canola meal supply and reflects strong processor margins, which pressures meal prices while supporting seed demand.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2023/11/27/statistics-canada-reports-record

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