Canola Market Outlook: March 28, 2022

Written By SaskCanola

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

Key Points for the Week:

  • Soybeans – CBOT soybeans managed contract high closes on Friday for both old and new crop positions.

  • Cash crush margins well above $2 almost guarantee that the US crush will run at full capacity through the rest of the season.

  • Canola – Total canola disappearance during the first thirty-three weeks of the crop year amounted to 9.9 million MT compared to 14.5 million MT last YTD.

  • Rapeseed oil in Rotterdam hit another high at $2,225.00/MT.

  • We see no reason to sell additional canola at this time.

SaskCanola
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