# Canola crush hits new weekly record - Grainews

> 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.

- Date: 2016-11-21 · published 2016-11-21T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/73944-canola-crush-hits-new-weekly-record-grainews
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Record crush and margins well above last year signal strong meal and oil demand, supporting canola seed prices and underpinning crusher bids to farmers.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bullish ▲

## Sources

- grainews.ca: https://www.grainews.ca/daily/canola-crush-hits-new-weekly-record-2/

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