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The ICE Canola Board Margin Index closed March 26, 2020, with the May 2020 contract at C$91.64 per tonne, down from C$98.61 a day earlier. The index is a formula-based measure of canola crush returns that uses soybean oil and meal futures, the canola futures price and the exchange rate.
Crush margins signal processor appetite for canola seed and the value of the meal and oil they yield, so a lower margin points to softer demand for canola and canola meal.
marketsfarm.comPhil Franz-WarkentinMar 26, 2020Not enough comparable past events yet for a historical read.
Not 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.
