Canola Crush Plunges
WINNIPEG - May 10/02 -- STAT -- The Canadian Oilseed Processors Association (COPA) reports weekly crush in that country totalled 34,592 metric tons (MT) of canola and 33,851 MT of soybeans during the week ending May 15.
The numbers, as reported to the association by member firms, sank 19.1% from last week's level for canola, while rising 10.8% on the week for soybean.
The latest numbers continue the roller coaster ride for weekly crush numbers, with canola dropping after rising for two weeks and soybeans advancing after posting two weeks of lower numbers.
So far this marketing year, 1,884,759 MT of canola has been crushed, down from 2,492,340 for the same period last year. Soybean crush since the August 1 start of the 2001-02 marketing year totals 1,362,426 MT, up from the 1,341,236 MT crushed during the same period last year.
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