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Statistics Canada reported that Canadian canola crush in August 2019 was 829,778 tonnes, down 2.89% from July but the second-highest monthly total of the year. Canola oil output was 362,351 tonnes and meal output was 465,424 tonnes, both slightly lower than July.
August crush margins averaged C$81.70 per tonne.
Steady crush near record-pace levels supports domestic demand for canola and keeps meal and oil supplies firm for feed buyers, while the modest month-on-month dip is seasonal and unlikely to shift prices much.
grainews.caGFM Network NewsSep 27, 2019Not 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.
