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Canadian processors crushed 917,992 metric tons of canola in November, down slightly from October's record but 10.7% above a year earlier. AAFC raised its crush forecast to 10.2 million tons, and the Dow Jones Canadian Canola Board Margin Index rose sharply that week.
Strong crush and widening margins increase canola meal output, adding supply to the protein market, while tight canola seed supplies force rationing of demand.
dtnpf.comCliff JamiesonDec 24, 2020Not enough comparable past events yet for a historical read.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% over 20.
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.
