Canadian canola processors crushed over 820,500 metric tons of the oilseed in November, up 18 percent from October’s volume and up 2 percent from November 2017. Although crush and oil and meal production have slowed down since summertime’s blowout pace, and Sep-Oct processing volumes were lower year over year, if December crush is around last year’s level, 2018’s will beat 2017’s record by about 1 percent.

U.S. imports of canola oil have been weak all year, especially imports of crude canola oil. Jan-Oct crude imports were just 263,000 MT, compared to the 400,000-plus MT we saw for those months in 2015-2017. U.S. use of canola oil for biodiesel production is down notably this year, displaced by inexpensive soybean oil.

Jan-Oct 2018 imports of refined canola oil totaled 1.2 million metric tons, 4 percent lower than Jan-Oct 2017 but 5 percent higher than those months in 2016.

Monthly Canadian canola crush

Source: COPA
Posted by: Information Services
Our Information Services team assists our clients with understanding commodity and ingredient market dynamics. Using our extensive database of intelligence, we also produce regular commodity and commercial market publications covering supply and demand fundamentals, news alerts on events that shape the markets, and resource guides to give you a complete picture of the industries we monitor.