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Canadian canola crushers processed a record 203,951 tonnes in the week ended November 16, topping the prior record of 198,859 tonnes set three weeks earlier. Year-to-date crush reached 2.68 million tonnes versus 2.32 million a year ago, and processor margins stood at $104 per tonne over nearby futures.
Record crush and margins well above last year signal strong meal and oil demand, supporting canola seed prices and underpinning crusher bids to farmers.
grainews.caGFM Network NewsNov 21, 2016Not 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.
