Canada’s weekly canola crush tops 200,000 tonnes

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Published: October 13, 2017

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Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

CNS Canada — Canadian canola crushers saw their second busiest week ever during the week ended Wednesday, according to the latest data from the Canadian Oilseed Processors Association.

The canola crush in the latest weekly reporting period came in at 204,820 tonnes, only slightly off the record of 208,268 tonnes hit in March.

A total of 1.48 million tonnes of canola have been crushed during the 2017-18 crop year to date, which compares with 1.56 million at the same point a year ago.

The active crush pace comes despite margins that are well off their year-ago levels.

Processor margins were estimated at about $67 per tonne above the nearby futures on Thursday, which would be about $40 below the levels seen at the same point a year ago, according to ICE Futures Canada data.

— Phil Franz-Warkentin writes for Commodity News Service Canada, a Glacier FarmMedia company specializing in grain and commodity market reporting.

About the author

Phil Franz-Warkentin

Phil Franz-Warkentin

Editor - Daily News

Phil Franz-Warkentin grew up on an acreage in southern Manitoba and has reported on agriculture for over 20 years. Based in Winnipeg, his writing has appeared in publications across Canada and internationally. Phil is a trusted voice on the Prairie radio waves providing daily futures market updates. In his spare time, Phil enjoys playing music and making art.

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