If was a down day for the oilseeds but an up day for wheat and corn on Tuesday.
The Brazilian truckers strike wound down to allow for more negotiations with the central government and that caused soybean futures to fall back a little. That weighed down canola. Also a stronger Canadian dollar pressured canola lower.
The Canadian dollar was up on data showing that the Canadian economy performed stronger than expected in the fourth quarter last year. That makes it less likely that the Bank of Canada will cut interest rates again.
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However, generally, U.S. wheat prices are higher than other competing sources and that is expected to limit any rallies.
Crop condition ratings for winter wheat fell in Kansas and Illinois during February while conditions improved slightly in Texas and Oklahoma.
Corn rose on support from wheat and also news late in the day that farmers in Argentina were planning a three day protest of export quotas and other government policies they say hurt profits. They said they would not sell any grain for three days starting on Wednesday.
Light crude oil nearby futures in New York were up 93 cents to US$50.52 per barrel.
The Canadian dollar at noon was US80.31cents, up from US79.78 cents the previous trading day. The U.S. dollar at noon was C$1.2452.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 130.20 points, or 0.85 percent, at 15,133.85.
The Dow Jones industrial average fell 85.26 points, or 0.47 percent, to 18,203.37, the S&P 500 lost 9.61 points, or 0.45 percent, to 2,107.78 and the Nasdaq Composite dropped 28.20 points, or 0.56 percent, to 4,979.90.
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 2015 459.70 -2.10 -0.45%
Canola May 2015 467.70 -2.50 -0.53%
Canola Jul 2015 467.10 -2.80 -0.60%
Canola Nov 2015 456.70 -2.30 -0.50%
Canola Jan 2016 458.40 -2.20 -0.48%
Milling Wheat Mar 2015 225.00 +6.00 +2.74%
Milling Wheat May 2015 232.00 +5.00 +2.20%
Milling Wheat Jul 2015 235.00 +5.00 +2.17%
Durum Wheat Mar 2015 333.00 unch 0.00%
Durum Wheat May 2015 323.00 unch 0.00%
Durum Wheat Jul 2015 313.00 unch 0.00%
Barley Mar 2015 180.00 unch 0.00%
Barley Jul 2015 184.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2015 1008.75 -2.5 -0.25%
Soybeans May 2015 1012.25 -1.5 -0.15%
Soybeans Jul 2015 1017.25 -0.5 -0.05%
Soybeans Aug 2015 1015.25 unch 0.00%
Soybeans Sep 2015 999.25 +1 +0.10%
Soybeans Nov 2015 987.75 +2.5 +0.25%
Soybean Meal Mar 2015 341.8 -2.5 -0.73%
Soybean Meal May 2015 332.8 -0.7 -0.21%
Soybean Meal Jul 2015 330.6 -0.2 -0.06%
Soybean Oil Mar 2015 32.8 +0.15 +0.46%
Soybean Oil May 2015 32.97 +0.14 +0.43%
Soybean Oil Jul 2015 33.14 +0.14 +0.42%
Corn Mar 2015 382 +3.25 +0.86%
Corn May 2015 391 +3 +0.77%
Corn Jul 2015 399.25 +3 +0.76%
Corn Sep 2015 406.75 +3.25 +0.81%
Corn Dec 2015 416.5 +3.25 +0.79%
Oats Mar 2015 292.75 +3 +1.04%
Oats May 2015 283.75 +5.75 +2.07%
Oats Jul 2015 282.5 +5.5 +1.99%
Oats Sep 2015 284.5 +3.5 +1.25%
Oats Dec 2015 287 +2.5 +0.88%
Wheat Mar 2015 508.75 +0.75 +0.15%
Wheat May 2015 506 +6 +1.20%
Wheat Jul 2015 509.75 +5.75 +1.14%
Wheat Sep 2015 518.25 +6 +1.17%
Wheat Dec 2015 532.5 +6 +1.14%
Minneapolis
Spring Wheat Mar 2015 561.25 +15 +2.75%
Spring Wheat May 2015 570.75 +15.5 +2.79%
Spring Wheat Jul 2015 576.25 +14.75 +2.63%
Spring Wheat Sep 2015 583 +14.75 +2.60%
Spring Wheat Dec 2015 592.75 +14.25 +2.46%
Kansas City
Hard Red Wheat May 2015 535.25 +9.5 +1.81%
Hard Red Wheat Jul 2015 542 +9.25 +1.74%
Hard Red Wheat Sep 2015 554.5 +9 +1.65%
Hard Red Wheat Dec 2015 571 +9.25 +1.65%
