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The ICE Canola Board Margin Index closed Sept. 30 with Canadian-dollar crush margins for November 2021 contracts marked N/A, while later deferred contracts showed positive crush margins.
The index is calculated from soybean oil and meal futures less canola futures, weighted 40% oil and 60% meal. Margins have moved sharply higher over the past month.
Positive crush margins in deferred months encourage canola processing and meal output, which can weigh on meal prices over time. Near-term margin weakness points to tighter processing economics.
marketsfarm.comGlen HallickOct 1, 2021Not 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.
