# Canadian Canola Crush Margin Improves Rapidly

> 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.

- Date: 2018-10-15 · published 2018-10-15T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/62653-canadian-canola-crush-margin-improves-rapidly
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A stronger crush margin encourages processors to crush more canola, adding meal supply but signalling firm oilseed demand and supporting canola meal values.

## Read by commodity

- SBM: bullish ▲
- SBO: bullish ▲
- USDCAD: bearish ▼
- CANMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBM | 2018-10-14 | 1 | +4.7% | 4.1 | Notes soybean meal and oil strength around Oct 15 with a record September US crush, supporting the meal rally. |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2018/10/15/canadian-canola-crush-margin-rapidly

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