Canola Market Outlook: June 20, 2022

Weekly canola market outlook provided by Marlene Boersch of Mercantile Consulting Venture Inc.

Key Points for the Week:

  • Soybeans – CBOT July soybeans were down by a big 43 1/2 cents, and Nov. was 31 1/4 cents weaker through the week.

  • US crush margins remain profitable.

  • Soybean oil reflected 9% losses in energy markets last week. However, while several countries ramp up their biodiesel mandates to help cope with the energy crunch, the demand base remains solid.

  • Canola – Total canola disappearance during the first 45 weeks of the crop year amounted to 12.7 million MT compared to 19 million MT last YTD.

  • Canola has dropped in value compared to soybeans, as the oil premium has dropped.

  • As we get closer to harvest – and assuming it is an average crop – we expect vegetable oil to drop, and with it, canola values.

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Canola Market Outlook: June 27, 2022

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Canola Market Outlook: June 13, 2022