Canola futures fell Wednesday, battered by a general down trend in commodities triggered by disappointing reports on U.S. jobs and the service sector.
Slower end user demand also weighed on canola
Wheat futures rose on concerns about cold weather in Europe and indications that the U.S. will see new wheat export demand now that the price has fallen. There was talk China bought 10 cargoes of U.S. soft red winter wheat, traders told Reuters.
May canola closed at $620.40 down $4 and November closed at $557.90, down $1.40.
Read Also
U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on investor expectations that U.S. Agriculture Secretary Brooke Rollins might…
Rain fell today in southern Oklahoma and central Texas, but is missing the western part of the hard red winter wheat region.
Soybeans fell, partly on worries that a new outbreak of avian flu in China might hurt soy meal feed demand.
Bunge said it is going to temporarily close a soybean crushing plant in Kansas because of tight stocks of soybeans.
U.S. crude oil fell 2.2 percent to hover below $95 a barrel after government data showed crude inventories at a 23-year high.
U.S. economy watchers are waiting for Friday’s government report on March employment.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2013Â Â Â Â Â Â 620.40Â Â Â Â Â Â -4.00Â Â Â Â Â Â -0.64%
Canola Jul 2013Â Â Â Â Â Â 607.60Â Â Â Â Â Â -3.10Â Â Â Â Â Â -0.51%
Canola Nov 2013Â Â Â Â Â Â 557.90Â Â Â Â Â Â -1.40Â Â Â Â Â Â -0.25%
Canola Jan 2014Â Â Â Â Â Â 558.40Â Â Â Â Â Â -1.40Â Â Â Â Â Â -0.25%
Canola Mar 2014Â Â Â Â Â Â 554.00Â Â Â Â Â Â -2.30Â Â Â Â Â Â -0.41%
Milling Wheat May 2013      292.00      unch      0.00%
Milling Wheat Jul 2013      294.00      unch      0.00%
Milling Wheat Oct 2013      294.00      unch      0.00%
Durum Wheat May 2013      311.00      unch      0.00%
Durum Wheat Jul 2013      314.00      unch      0.00%
Durum Wheat Oct 2013      299.30      unch      0.00%
Barley May 2013      243.50      unch      0.00%
Barley Jul 2013      244.00      unch      0.00%
Barley Oct 2013      244.00      unch      0.00%
U.S. crops in cents per bushel, soy meal in $US per short ton, soy oil in cents per pound.
Chicago
Soybeans May 2013Â Â Â Â Â Â 1380.25Â Â Â Â Â Â -13.75Â Â Â Â Â Â -0.99%
Soybeans Jul 2013Â Â Â Â Â Â 1357.75Â Â Â Â Â Â -16.75Â Â Â Â Â Â -1.22%
Soybeans Aug 2013Â Â Â Â Â Â 1326.75Â Â Â Â Â Â -15.25Â Â Â Â Â Â -1.14%
Soybeans Sep 2013Â Â Â Â Â Â 1271.25Â Â Â Â Â Â -13.75Â Â Â Â Â Â -1.07%
Soybeans Nov 2013Â Â Â Â Â Â 1232.5Â Â Â Â Â Â -16.25Â Â Â Â Â Â -1.30%
Soybeans Jan 2014Â Â Â Â Â Â 1238.25Â Â Â Â Â Â -16.25Â Â Â Â Â Â -1.30%
Soybean Meal May 2013Â Â Â Â Â Â 398Â Â Â Â Â Â -4.1Â Â Â Â Â Â -1.02%
Soybean Meal Jul 2013Â Â Â Â Â Â 394.8Â Â Â Â Â Â -4.2Â Â Â Â Â Â -1.05%
Soybean Meal Aug 2013Â Â Â Â Â Â 382.2Â Â Â Â Â Â -4.5Â Â Â Â Â Â -1.16%
Soybean Oil May 2013Â Â Â Â Â Â 49.15Â Â Â Â Â Â -0.44Â Â Â Â Â Â -0.89%
Soybean Oil Jul 2013Â Â Â Â Â Â 49.42Â Â Â Â Â Â -0.46Â Â Â Â Â Â -0.92%
Soybean Oil Aug 2013Â Â Â Â Â Â 49.46Â Â Â Â Â Â -0.45Â Â Â Â Â Â -0.90%
Corn May 2013Â Â Â Â Â Â 641.5Â Â Â Â Â Â +1Â Â Â Â Â Â +0.16%
Corn Jul 2013Â Â Â Â Â Â 630.25Â Â Â Â Â Â +3Â Â Â Â Â Â +0.48%
Corn Sep 2013Â Â Â Â Â Â 559Â Â Â Â Â Â +4.25Â Â Â Â Â Â +0.77%
Corn Dec 2013Â Â Â Â Â Â 539.5Â Â Â Â Â Â +3Â Â Â Â Â Â +0.56%
Corn Mar 2014Â Â Â Â Â Â 550.5Â Â Â Â Â Â +3.75Â Â Â Â Â Â +0.69%
Oats May 2013Â Â Â Â Â Â 362Â Â Â Â Â Â -5.5Â Â Â Â Â Â -1.50%
Oats Jul 2013Â Â Â Â Â Â 357Â Â Â Â Â Â -6Â Â Â Â Â Â -1.65%
Oats Sep 2013Â Â Â Â Â Â 342Â Â Â Â Â Â -5.5Â Â Â Â Â Â -1.58%
Oats Dec 2013Â Â Â Â Â Â 341.5Â Â Â Â Â Â +0.25Â Â Â Â Â Â +0.07%
Oats Mar 2014Â Â Â Â Â Â 350Â Â Â Â Â Â +5Â Â Â Â Â Â +1.45%
Chicago soft red winter
Wheat May 2013Â Â Â Â Â Â 696.5Â Â Â Â Â Â +25.75Â Â Â Â Â Â +3.84%
Wheat Jul 2013Â Â Â Â Â Â 701.25Â Â Â Â Â Â +24Â Â Â Â Â Â +3.54%
Wheat Sep 2013Â Â Â Â Â Â 710.25Â Â Â Â Â Â +22.25Â Â Â Â Â Â +3.23%
Wheat Dec 2013Â Â Â Â Â Â 725Â Â Â Â Â Â +21.25Â Â Â Â Â Â +3.02%
Wheat Mar 2014Â Â Â Â Â Â 739.5Â Â Â Â Â Â +21Â Â Â Â Â Â +2.92%
Minneapolis hard red spring
Spring Wheat May 2013Â Â Â Â Â Â 791.5Â Â Â Â Â Â +15.25Â Â Â Â Â Â +1.96%
Spring Wheat Jul 2013Â Â Â Â Â Â 789.5Â Â Â Â Â Â +17.25Â Â Â Â Â Â +2.23%
Spring Wheat Sep 2013Â Â Â Â Â Â 789.25Â Â Â Â Â Â +17.25Â Â Â Â Â Â +2.23%
Spring Wheat Dec 2013Â Â Â Â Â Â 800Â Â Â Â Â Â +16.25Â Â Â Â Â Â +2.07%
Spring Wheat Mar 2014Â Â Â Â Â Â 814.5Â Â Â Â Â Â +16Â Â Â Â Â Â +2.00%
Kansas City hard red winter
KCBT Red Wheat May 2013Â Â Â Â Â Â 735.25Â Â Â Â Â Â +18.5Â Â Â Â Â Â +2.58%
KCBT Red Wheat Jul 2013Â Â Â Â Â Â 742.5Â Â Â Â Â Â +18.25Â Â Â Â Â Â +2.52%
KCBT Red Wheat Sep 2013Â Â Â Â Â Â 754.75Â Â Â Â Â Â +18Â Â Â Â Â Â +2.44%
KCBT Red Wheat Dec 2013Â Â Â Â Â Â 772Â Â Â Â Â Â +16.75Â Â Â Â Â Â +2.22%
KCBT Red Wheat Mar 2014Â Â Â Â Â Â 785Â Â Â Â Â Â +16.25Â Â Â Â Â Â +2.11%
The Bank of Canada noon rate for the loonie was 98.68 cents US, up from 98.54 cents on Tuesday. The U.S. buck was $1.0134 Cdn.
Nearby crude oil in New York fell $2.74 to $94.45 per barrel.
Growing tension with North Korea added downward pressure to stock markets already pressued by disappointing U.S. data.
In an early tally, the Toronto Stock Exchange’s S&P/TSX composite index dropped 259.98 points, or 2.05 percent, at 12,422.12.
The Dow Jones industrial average fell 111.66 points, or 0.76 percent, at 14,550.35.
The Standard & Poor’s 500 Index fell 16.56 points, or 1.05 percent, at 1,553.69, its biggest daily percentage decline since February 25.
The Nasdaq Composite Index fell 36.26 points, or 1.11 percent, at 3,218.60.
