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Canola crush margins on ICE Futures Canada have weakened to about $44 over the July contract, down from $60 a month ago and $70 a year earlier. New-crop November margins are at $64.
Domestic processors continue crushing at an active pace, with 8.09 million tonnes processed in the crop year to date versus 7.93 million a year earlier.
Thinner crush margins may eventually slow crushing and reduce canola meal output, though steady processing volumes indicate continued meal supply for feed buyers.
farmtario.comPhil Franz-WarkentinJun 20, 2018
grainews.caGFM Network NewsJun 20, 2018Not 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.
