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Canadian crushers processed 785,725 metric tons of canola seed in September, the largest September crush on record though the lowest monthly volume in 12 months. Canola oil output was 339,884 mt, and AAFC kept its crush forecast at 9.8 million mt.
Strong crush supports canola meal supply growth, but the crush pace below AAFC's required rate points to a tighter balance that supports oilseed prices.
dtnpf.comCliff JamiesonOct 27, 2020Not enough comparable past events yet for a historical read.
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.
