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Although the demand for rapeseed has been adjusted and the inventory is expected to fall to the lowest level since July 2013, the amount of rapeseed crush in the first 11 months of this year has still increased significantly
.
The rapeseed crush in June was 4% lower than the same period last year, but 6.
4% higher than the three-year average, and 2.
4% lower than the monthly crush of 850,000 tons required to reach the annual crush target of 10.
2 million tons this year
.
In the last month of the year (that is, July), only 607,361 tons need to be crushed to achieve the current goal
.
So far this year, Canada’s rapeseed crush is 9.
593 million tons, an increase of 2.
9% year-on-year, 2.
6% higher than the level required to achieve the target level, 0.
3% higher than the three-year average, and 3.
8% higher than the five-year average
.
4% higher than the three-year average, and 2.
4% lower than the monthly crush of 850,000 tons required to reach the annual crush target of 10.
2 million tons this year
.
In the last month of the year (that is, July), only 607,361 tons need to be crushed to achieve the current goal
.
So far this year, Canada’s rapeseed crush is 9.
593 million tons, an increase of 2.
9% year-on-year, 2.
6% higher than the level required to achieve the target level, 0.
3% higher than the three-year average, and 3.
8% higher than the five-year average
.
In the first 11 months of this year, Canada’s rapeseed oil production was 4.
166 million tons, accounting for 43.
4% of the total rapeseed crush, compared to 43.
8% in the same period last year and the three-year average of 44%.
The annual average level is 43.
8%
.
166 million tons, accounting for 43.
4% of the total rapeseed crush, compared to 43.
8% in the same period last year and the three-year average of 44%.
The annual average level is 43.
8%
.
On July 26, the Canadian rapeseed profit index was 35.
37 Canadian dollars per ton, down 7.
81 Canadian dollars from the previous day, lower than 48.
06 Canadian dollars/ton a week ago, 98.
03 Canadian dollars/ton one month ago, and the same period last year.
64.
29 Canadian dollars/ton
.
37 Canadian dollars per ton, down 7.
81 Canadian dollars from the previous day, lower than 48.
06 Canadian dollars/ton a week ago, 98.
03 Canadian dollars/ton one month ago, and the same period last year.
64.
29 Canadian dollars/ton
.
Statistics Canada also stated that the delivery of rapeseed from farmers in the first 11 months of this year was 19.
459 million tons
.
459 million tons
.
Since the farm inventory on July 31, 2020 is 1.
836 million tons, plus the rapeseed production of 18.
72 million tons, this means that the total supply this year is 20.
556 million tons, and the delivery volume of farmers is equivalent to 94.
7% of the total supply.
, Only 1 million tons of rapeseed are left for export and crushing in July, so this year’s ending stocks may be tighter than the current forecast of 700,000 tons
.
836 million tons, plus the rapeseed production of 18.
72 million tons, this means that the total supply this year is 20.
556 million tons, and the delivery volume of farmers is equivalent to 94.
7% of the total supply.
, Only 1 million tons of rapeseed are left for export and crushing in July, so this year’s ending stocks may be tighter than the current forecast of 700,000 tons
.
