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Statistics Canada data showed the canola crush was up 8.5 percent year to date, with more than 3.3 million tonnes processed by the end of November. Crush margins roughly doubled year on year, and canola meal output rose nearly 8.8 percent.
Strong domestic crush expands meal supply in Canada, which is bearish for canola meal prices even as it absorbs some canola that cannot reach China.
farmtario.comGlen HallickDec 23, 2019
manitobacooperator.caGFM Network News, Glen HallickDec 23, 2019After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
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.
