# Statistics Canada Reports a Big Canola Crush

> Statistics Canada reported March canola crush at 922,944 metric tons, the largest monthly volume in 24 months and the third largest on record. The cumulative crush through eight months is up 13.8% year-on-year, and the crush margin rose to C$232.95 per tonne in March.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: report · region Canada · magnitude medium
- Page: https://feedsoft.ai/events/36540-statistics-canada-reports-a-big-canola-crush
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Strong crush increases canola meal supply, which is bearish for meal prices. The crush pace also supports the AAFC forecast of 9.5 million tonnes, which could be revised higher.

## Read by commodity

- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2023/04/27/statistics-canada-reports-big-canola

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