# Canada's November Canola Crush at Near-Record Levels

> 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.

- Date: 2020-12-24 · published 2020-12-24T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/49749-canada-s-november-canola-crush-at-near-record-levels
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong crush and widening margins increase canola meal output, adding supply to the protein market, while tight canola seed supplies force rationing of demand.

## Read by commodity

- SBM: neutral
- SBO: neutral
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2021-04-16 | [Soy Crush Up; Short of Record \| Feed & Grain](https://feedsoft.ai/events/47431-soy-crush-up-short-of-record-feed-and-grain.md) | +4.3% | +5.6% |
| SBM | 2019-12-23 | [Canadian canola crush up 8.5 per cent on year-to-date \| Farmtario](https://feedsoft.ai/events/55541-canadian-canola-crush-up-8-5-per-cent-on-year-to-date-farmtario.md) | -0.1% | +0.0% |
| SBM | 2023-11-01 | [September corn grind, soybean crush both up on year - Brownfield Ag News](https://feedsoft.ai/events/33273-september-corn-grind-soybean-crush-both-up-on-year-brownfield-ag-news.md) | +3.7% | +3.9% |
| SBM | 2018-07-30 | [U.S. Soybeans Setting Pods at Record Pace](https://feedsoft.ai/events/63871-u-s-soybeans-setting-pods-at-record-pace.md) | -0.1% | -6.0% |
| SBM | 2017-01-12 | [Oil/Meal Exports Drive Canola Crush Pace](https://feedsoft.ai/events/72959-oil-meal-exports-drive-canola-crush-pace.md) | +12.1% | +8.9% |
| SBO | 2026-08-26 | [Canada’s canola crush to hit record and continue growing](https://feedsoft.ai/events/6515-canada-s-canola-crush-to-hit-record-and-continue-growing.md) | +9.2% | +3.7% |
| SBO | 2018-08-28 | [Canada’s July canola crush set record for the month - McKeany-Flavell](https://feedsoft.ai/events/63514-canada-s-july-canola-crush-set-record-for-the-month-mckeany-flavell.md) | +0.1% | -0.0% |
| SBO | 2020-10-27 | [Statistics Canada Reports September Crush Data](https://feedsoft.ai/events/50616-statistics-canada-reports-september-crush-data.md) | -3.7% | +11.9% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2020/12/24/canadas-november-canola-crush-near

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