STAT Communications Ag Market News

Net Decline In Canadian Crush In 2022

OTTAWA - Mar 13/23 - SNS -- Canada saw a net decline in total oilseed crush activity in 2022 as reduced canola crush offset gains in soybeans, suggests Statistics Canada.

Canadian oilseed processors crushed 8,769,088 metric tons (MT) of canola in 2022, down 11.0% from 2021. The amount of soybeans crushed increased by 13.3% to 1,869,040 MT in 2022 compared with 2021.

Oil production totalled 3,651,955 MT for canola and 349,216 MT for soybeans, while meal production totalled 5,222,418 MT for canola and 1,453,367 MT for soybeans.

Domestic canola crush was low for the first eight months of 2022 because of drought conditions in the Prairies throughout the 2021 growing season, which negatively impacted yields. This resulted in lower supply coming into 2022, as well as lower crop quality and lower oil content for canola.

Canola crushing was higher from September to December 2022 because of better crop conditions in the 2022 growing season. In 2022, total canola production rebounded to 18,173,774 MT, up from 13,752,286 MT in 2021.

A large portion of the canola grown in Canada is used by domestic crushers. In the 2021-22 crop year (August 2021 to July 2022 for canola), the domestic crush of 8,555,367 MT represented 54.7% of total disposition, while exports of canola accounted for 33.6%. A higher share of total disposition went to domestic crush in the 2021-22 crop year than in the previous crop year, when domestic crush represented 45.9% of total disposition.

In the United States, over the 2022 calendar year, oilseed processors crushed 59,743,476 MT of soybeans (+2.6% from 2021) and 1,727,735 MT of canola (-7.1% from 2021). Oil production totalled 11,784,985 MT for soybeans and 687,181 MT for canola, while meal production totalled 43,803,099 MT for soybeans and 999,482 MT for canola.

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