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Canola crush margins have reached record levels, with PI Financial's Ken Ball reporting a crush index of $325 per tonne. He notes Canadian production forecasts of 19.1 million tonnes do not justify the margins, and Australian crop prospects could cap prices.
Very high crush margins drive strong processing and meal output, while a possible Australian canola crop of about 7.5 million tonnes could limit upside in canola values.
producer.comsaskatoonnewsroomSep 16, 2022Not enough comparable past events yet for a historical read.
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.
