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Statistics Canada reported July canola crush at 773,998 tonnes, the largest in eight months, bringing the 2021-22 crop-year crush to 8.555 million tonnes, down 17.9% year on year. Oil content averaged 41.8% for the crop year, the lowest since 2004-05.
Robust crush demand supports canola meal supply and prices, while low oil content reduces oil output per tonne crushed.
dtnpf.comCliff JamiesonAug 26, 2022Not 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.
