# September Canola Crush Surges Higher

> 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.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/39232-september-canola-crush-surges-higher
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Strong crush demand supports canola meal output and underpins canola prices, while the shortfall against forecast points to tight oilseed supplies.

## Read by commodity

- SBO: bullish ▲
- USDCAD: bullish ▲
- CANMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2019-11-25 | [Record Canola Crush Reported for October](https://feedsoft.ai/events/56170-record-canola-crush-reported-for-october.md) | -3.0% | +9.4% |
| SBO | 2020-10-16 | [September soybean crush sets record for month - McKeany-Flavell](https://feedsoft.ai/events/50713-september-soybean-crush-sets-record-for-month-mckeany-flavell.md) | +1.6% | +11.7% |
| SBO | 2023-11-01 | [September corn grind, soybean crush both up on year - Brownfield Ag News](https://feedsoft.ai/events/33273-september-corn-grind-soybean-crush-both-up-on-year-brownfield-ag-news.md) | +0.3% | +7.1% |
| SBO | 2019-12-11 | [Lower November palm oil inventory pushes CPO prices higher](https://feedsoft.ai/events/55659-lower-november-palm-oil-inventory-pushes-cpo-prices-higher.md) | +7.5% | +9.2% |
| SBO | 2023-11-28 | [Grain Journal \| US canola oil consumption reaches another record high](https://feedsoft.ai/events/33281-grain-journal-us-canola-oil-consumption-reaches-another-record-high.md) | -1.5% | -4.8% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/blogs/canada-markets/blog-post/2022/10/25/september-canola-crush-surges-higher

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