ICE Canada canola rises as China delays shipping change

WINNIPEG, Manitoba, Aug 31 (Reuters) – ICE Canada canola futures rose on Wednesday after China agreed to delay its move to stricter rules on Canadian canola shipments.

* China delayed its plan to toughen the standard for foreign material in shipments, which was set to take effect on Thursday.

* Canola shrugged off pressure from weaker U.S. soy prices.

* For the month, the most-active canola contract tacked on 0.5 percent.

* November canola added $5.20 at $458.20 per tonne.

* January canola gained $4.10 at $464.40.

* November-January canola spread traded 3,800 times.

* Chicago November soybeans dropped on strong U.S. crop prospects and weakness in crude oil.

* NYSE Liffe November rapeseed rose.

* The Canadian dollar traded at $1.3122 to the U.S. dollar, or 76.21 U.S. cents, at 12:54 p.m. CDT (1754 GMT), lower than Tuesday’s close of $1.3096, or 76.36 U.S. cents.

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Light crude oil nearby futures in New York were down $1.65 to US$44.70 per barrel.

The Canadian dollar at noon was US76.20 cents, down from 76.48 cents the previous trading day. The U.S. dollar at noon was C$1.3124.

Winnipeg ICE Futures Canada dollars per tonne
Canola Dec 2016   458.20   +5.20   +1.15%
Canola Jan 2017   464.40   +4.10   +0.89%
Canola Mar 2017   470.10   +3.50   +0.75%
Canola May 2017   475.60   +3.20   +0.68%
Canola Jul 2017   479.60   +2.80   +0.59%

Milling Wheat Oct 2016   202.00   -2.00   -0.98%
Milling Wheat Dec 2016   205.00   -2.00   -0.97%
Milling Wheat Mar 2017   210.00   unch   0.00%

Durum Wheat Oct 2016   260.00   +1.00   +0.39%
Durum Wheat Dec 2016   263.00   +1.00   +0.38%
Durum Wheat Mar 2017   267.00   unch   0.00%

Barley Oct 2016   138.00   unch   0.00%
Barley Dec 2016   138.00   unch   0.00%
Barley Mar 2017   140.00   unch   0.00%

American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound

Chicago
Soybeans Sep 2016   960.00   -5.50   -0.57%
Soybeans Nov 2016   943.00   -7.75   -0.82%
Soybeans Jan 2017   946.00   -7.50   -0.79%
Soybeans Mar 2017   948.25   -6.75   -0.71%
Soybeans May 2017   951.25   -6.75   -0.70%
Soybeans Jul 2017   953.50   -6.75   -0.70%

Soybean Meal Sep 2016   312.20   -1.60   -0.51%
Soybean Meal Oct 2016   308.40   -2.20   -0.71%
Soybean Meal Dec 2016   306.70   -2.00   -0.65%

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Soybean Oil Sep 2016   32.47   -0.26   -0.79%
Soybean Oil Oct 2016   32.60   -0.27   -0.82%
Soybean Oil Dec 2016   32.87   -0.27   -0.81%

Corn Sep 2016   301.50   -2.50   -0.82%
Corn Dec 2016   315.50   -0.25   -0.08%
Corn Mar 2017   326.00   +0.25   +0.08%
Corn May 2017   333.50   +0.25   +0.08%
Corn Jul 2017   341.25   +0.25   +0.07%

Oats Sep 2016   161.00   -0.75   -0.46%
Oats Dec 2016   176.00   -1.50   -0.85%
Oats Mar 2017   190.25   -1.50   -0.78%
Oats May 2017   197.25   -1.00   -0.50%
Oats Jul 2017   204.00   -0.75   -0.37%

Wheat Sep 2016   361.00   -2.25   -0.62%
Wheat Dec 2016   388.25   -4.00   -1.02%
Wheat Mar 2017   410.25   -4.75   -1.14%
Wheat May 2017   424.25   -5.00   -1.16%
Wheat Jul 2017   434.25   -4.00   -0.91%

Minneapolis
Spring Wheat Sep 2016   485.75   -5.00   -1.02%
Spring Wheat Dec 2016   481.50   -4.25   -0.87%
Spring Wheat Mar 2017   490.75   -6.25   -1.26%
Spring Wheat May 2017   500.25   -6.75   -1.33%
Spring Wheat Jul 2017   509.75   -7.00   -1.35%

Kansas City
Hard Red Wheat Sep 2016   371.25   +3.50   +0.95%
Hard Red Wheat Dec 2016   397.50   +0.75   +0.19%
Hard Red Wheat Mar 2017   414.00   +0.25   +0.06%
Hard Red Wheat May 2017   424.75   +0.25   +0.06%
Hard Red Wheat Jul 2017   434.50   unch   0.00%

Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Aug 2016   111.95   +0.45   +0.40%
Live Cattle (P) Oct 2016   106.58   -0.89   -0.83%
Live Cattle (P) Dec 2016   108.38   -0.90   -0.82%

Feeder Cattle (P) Sep 2016   140.53   -2.00   -1.40%
Feeder Cattle (P) Oct 2016   138.35   -1.18   -0.85%
Feeder Cattle (P) Nov 2016   135.42   -0.91   -0.67%

Lean Hogs (P) Oct 2016   62.85   +0.80   +1.29%
Lean Hogs (P) Dec 2016   57.52   +0.42   +0.74%
Lean Hogs (P) Feb 2017   61.32   +0.12   +0.20%

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