Loading…
Statistics Canada reported September canola crush of 793,876 mt, the highest in 11 months but below the volume needed to meet the 10 million mt forecast. Crush margins remain historically high and a weaker Canadian dollar is supporting active crushing.
Strong crush demand supports canola meal output and underpins canola prices, while the shortfall against forecast points to tight oilseed supplies.
dtnpf.comCliff JamiesonOct 25, 2022Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
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.
