# Sharp futures drop sees canola crush margins rise | Farmtario

> Canadian canola futures fell sharply on March 23, with the May contract settling at $488.30 per tonne, down $13.30 on the day and at its lowest since October 2016. Stop-loss orders triggered larger declines after a modest downtrend through March. Cash bids from crushers and line companies fell by the same amount.

- Date: 2017-03-23 · published 2017-03-23T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/72116-sharp-futures-drop-sees-canola-crush-margins-rise-farmtario
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Canola crush margins widened to about $114 over May futures because product values fell less than seed prices. Wider margins encourage crushing, but the drop reflects weaker soybean complex sentiment tied to large South American crop prospects.

## Read by commodity

- SOY: bearish ▼

## Sources

- farmtario.com: https://farmtario.com/daily/sharp-futures-drop-sees-canola-crush-margins-rise/

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