# ICE Canola Board Margin Index Close - MarketsFarm

> 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.

- Date: 2020-03-26 · published 2020-03-26T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/54239-ice-canola-board-margin-index-close-marketsfarm
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- CANMEAL: bearish ▼

## Sources

- marketsfarm.com: https://marketsfarm.com/ice-canola-board-margin-index-close-282/

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