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Canola crush margins in Western Canada were about $56 per tonne above the November futures contract on October 2, roughly half the year-ago level of $115 and below about $71 a month earlier. Canadian processors crushed 184,831 tonnes in the week ended September 27, at 83.4 per cent of capacity.
Weak crush margins reduce processor willingness to bid for seed, which pressures canola seed prices and tempers meal output growth. Lower meal supply could support meal prices over time.
farmtario.comPhil Franz-WarkentinOct 2, 2017
grainews.caGFM Network NewsOct 2, 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.
