Cost to crush a bushel of soybean

[amsterdam]

How is the board crush margin for Canola (Rapeseed oil) calculated?

Should it be calculated off Soybeans or Corn?

I read that the correlation of Canola to Corn is more appropriate...

Wanted to hear some thoughts

 

[nazzdack]

Quote from grainmerchant:
----margins are good currently.

Isn't that "normal" for this time of year with harvest completed and a desire to whittle down the supply?

 

[Brighton]

Quote from amsterdam:

How is the board crush margin for Canola (Rapeseed oil) calculated?

Should it be calculated off Soybeans or Corn?

I read that the correlation of Canola to Corn is more appropriate...

Wanted to hear some thoughts

I don't think that correlation is correct. Canola (rapeseed in Europe) is an oilseed and competes with other oilseeds like soybeans, palm, peanuts and to a lesser extent cottonseed and corn (the latter two aren't grown primarily for their oil, but they do produce some). All of these veg oils also compete - in some parts of the world and in some food uses - with good old-fashioned animal fats such as lard and tallow, from hogs and cattle, respectively.

I'm not aware of a board crush for canola/rapeseed. There is a canola contract on the Winnipeg exchange (now part of ICE) but no corresponding meal or oil contract.
https://www.theice.com/publicdocs/ICE_Canola_Brochure.pdf