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Canada's Canola Crush Running Ahead of Schedule

Canada's canola crush is running well ahead of the year-ago pace.
 
According to a story in the Western Producer, the latest numbers of stats-Can suggest four months into the new crop year, more than 3.3 million tonnes of canola have been crushed.
 
That's an increase of more than 8 per cent from a year ago at the same time. The amount of canola oil produced rose more than 8 per cent from year to year.
 
Canola meal was up almost 9 per cent. The report says domestic use of canola helped reduce the overall impact of China closing its border to our canola seed, which began in March.
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Iran War = “Trend is Your Friend” Short-Term BUT……

Video: Iran War = “Trend is Your Friend” Short-Term BUT……


Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.