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The Canadian Canola Board crush margin index rose above $50 per tonne on October 15, reaching its highest level of the crop year. The gain followed soybean oil and meal strength, Canadian dollar weakness, and a record September US soybean crush of 160.8 million bushels.
Investors were cutting their soyoil net-short positions.
A stronger crush margin encourages processors to crush more canola, adding meal supply but signalling firm oilseed demand and supporting canola meal values.
dtnpf.comCliff JamiesonOct 15, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Notes soybean meal and oil strength around Oct 15 with a record September US crush, supporting the meal rally.
