October crush numbers up, canola record set

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MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada.

Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019.

October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set in December 2019. Also, the October 2020 canola crush was a 5.5 per cent improvement over the crush the same month in 2019.

From this October’s crush came 400,909 tonnes of canola oil, for an increase of 4.7 per cent compared to the amount of oil produced in October 2019.

There were 531,444 tonnes of meal from the crush, eight per cent more than was produced the previous October.

Statistics Canada also reported a soybean crush of 160,074 tonnes, up 7.6 per cent from October 2019.

The amount of soyoil produced this October came to 29,499 tonnes, a 9.2 per cent increase over last October.

There were 123,084 tonnes of soymeal last month versus 114,576 tonnes last year.

Table: Canada’s canola and soybean crush, in tonnes. Source: Statistics Canada.

October 2019.    . October 2020.    . +/- (%)
Canola
Crushed 882,301 931,060 +5.5
Oil 382,839 400,909 +4.7
Meal 492,117 531,444 +8.0
Soybeans.    .
Crush 148,734 160,074 +7.6
Oil 27,004 29,499 +9.2
Meal 114,576 123,084 +7.4

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