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Canadian canola processors crushed 204,820 tonnes in the week ended Wednesday, the second-busiest week on record. The crush for the 2017-18 crop year to date is 1.48 million tonnes, below 1.56 million a year earlier.
Processor margins are about $40 per tonne below year-ago levels.
Strong crush supports demand for canola seed and meal, but margins well below last year's levels could slow future processing. Mixed signals leave the price impact modest.
country-guide.caPhil Franz-WarkentinOct 13, 2017
manitobacooperator.caGFM Network News, Phil Franz-WarkentinOct 13, 2017Not 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.
