# ICE weekly outlook: Crush margins guiding canola demand - Manitoba Co-operator

> MarketsFarm analyst Bruce Burnett says canola crush margins are very high, at about C$215 per tonne for nearby and C$124 for 2023 positions. StatCan raised its 2022 canola production estimate to 19.5 million tonnes, and crush could reach 11 million tonnes against an 18 million tonne total use forecast.

- Date: 2022-08-31 · published 2022-08-31T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/40001-ice-weekly-outlook-crush-margins-guiding-canola-demand-manitoba-co-operator
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Strong crush margins should lift canola crushing demand and tighten supplies, supporting canola meal output and prices.

## Read by commodity

- CANMEAL: bullish ▲

## Sources

- manitobacooperator.ca: https://www.manitobacooperator.ca/daily/ice-weekly-outlook-crush-margins-guiding-canola-demand/

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