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DJ Canadian Canola Board Crush Margin Close - Feb 7

Feb 07, 2013 (Dow Jones Commodities News via Comtex) --

0.9993  Latest USD/CAD Canadian Dollar Rate       February 7

          CBOT     CBOT     ICE       COPA                 DJ
         soyoil   soymeal   canola    Margin     chg      Margin      chg
Mar 2013  51.85    437.60   647.40     26.43   -12.00      26.45   -12.13
May 2013  52.27    435.30   627.50     48.89    -5.72      48.93    -5.90
Jul 2013  52.57    429.50   612.10     64.06    -3.09      64.11    -3.31
Nov/Oct13 51.86    373.20   559.90     82.10    -2.55      82.15    -2.83
Nov/Dec13 51.72    371.80   559.90     80.17    -3.29      80.23    -3.57
Jan 2014  51.89    373.20   559.80     82.46    -3.51      82.52    -3.80
Mar 2014  52.13    375.00   558.80     86.47    -4.40      86.53    -4.71

   The Canadian canola board crush margin is a measure of the trend
in core processing returns at standard industry yields. The
CBOT soyoil in U.S. cents/pound, CBOT soymeal in U.S. dollar/short ton and
ICE Futures Canada canola in Canadian dollar/metric ton.
   The "COPA Margin" uses a formula developed by the Canadian Oilseed
Processors Association. and is calculated by subtracting the ICE Futures Canada
canola futures price from the sum of the weighted value of the per metric ton
CBOT soyoil and soymeal prices derived from a metric ton of seed. The
calculation is based on 40% oil contribution and 60% meal contributions from
a metric ton of crushed canola seed and does not factor in exchange rates
or the lower protein content of canola meal relative to soymeal.
   The "Dow Jones Margin" begins with the COPA formula but adjusts the
soymeal portion of the index to a comparable canola meal value and
converts the canola price to U.S. dollars per metric ton to adjust for
currency fluctuations.



Write to Linda Rice at csstat@dowjones.com

(END) Dow Jones Newswires

02-07-13 1625ET

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