MarketsFarm — As the amount of canola crushed in Canada increased slightly in June, the soybean crush was down significantly, according to the latest monthly report from Statistics Canada.
The federal agency on Thursday released crushing statistics for major oilseeds, which showed 864,559 tonnes of canola crushed in June, up 1.12 per cent from the 855,008 tonnes crushed in May.
The amount of canola oil produced in June was up 1.66 per cent at 382,121 tonnes compared to May’s 375,880 tonnes.
The June crush resulted in 488,722 tonnes of canola meal, up 2.1 per cent from the 478,649 tonnes the previous month.
That contrasts with a nearly 21 per cent drop in the amount of soybeans crushed in Canada. In June crushers went through 121,711 tonnes compared to 154,032 tonnes in May.
The June crush resulted in 22,427 tonnes of soyoil, which was down 18.72 per cent from the 27,592 tonnes in May.
The amount of soymeal produced fell 21.85 per cent, from 119,190 tonnes in May versus 93,144 tonnes in June.