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Statistics Canada reported December canola crush of 826,445 mt, down for a second month and 17.3% above December 2021. Cumulative August-December crush was 4.016 million mt, 5.6% above last year.
Board crush margin averaged $213.85/mt, well below the prior month.
Slower crush reduces canola meal output, supportive for meal prices, while a narrower board crush margin reduces the incentive to crush and may lower future meal supply.
dtnpf.comCliff JamiesonJan 25, 2023Not enough comparable past events yet for a historical read.
After 114 past neutral report events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
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.
