The week ended in the same directionless wandering that characterized most of this week’s “action.”
Most crops were slightly down, while wheat contracts were slightly higher. Not much happened, and that’s the sign of a market where there’s not much reason for prices to move.
“It was sort of a go-nowhere day,” said Jon Driedger of FarmLink Marketing.
“It tends to be the excuse on Fridays if there’s no excuse to go the other way.”
The most exciting factor of the week was currency moves, with keen attention paid to whether the recovery of foreign currencies versus the U.S. dollar would continue. Relative strength in currencies like the Canadian dollar has had an impact on the market.
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“People are watching the U.S. dollar,” said Driedger.
Crops for the Midwest have been well-planted and good weather looks to continue for a few days.
Soybean prices were knocked by signs that the Brazilian government will soon end the port strike that has slowed the flow of beans out of that giant producer.
The Canadian dollar at noon was US82.02 cents, down from 82.52 cents the previous trading day. The U.S. dollar at noon was C$1.2192.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2015 459.90 -0.60 -0.13%
Canola Jul 2015 447.20 +0.70 +0.16%
Canola Nov 2015 439.80 +1.30 +0.30%
Canola Jan 2016 441.00 +1.30 +0.30%
Canola Mar 2016 441.10 +1.00 +0.23%
Milling Wheat May 2015 197.00 -1.00 -0.51%
Milling Wheat Jul 2015 199.00 -1.00 -0.50%
Milling Wheat Oct 2015 205.00 -1.00 -0.49%
Durum Wheat May 2015 313.00 unch 0.00%
Durum Wheat Jul 2015 303.00 unch 0.00%
Barley May 2015 205.00 unch 0.00%
Barley Jul 2015 207.00 unch 0.00%
Barley Oct 2015 192.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans May 2015 968.5 -10 -1.02%
Soybeans Jul 2015 964.75 -11.25 -1.15%
Soybeans Aug 2015 959 -12 -1.24%
Soybeans Sep 2015 946.75 -12 -1.25%
Soybeans Nov 2015 940.75 -11.5 -1.21%
Soybeans Jan 2016 947 -11.25 -1.17%
Soybean Meal May 2015 314.7 -4.2 -1.32%
Soybean Meal Jul 2015 311.9 -4.2 -1.33%
Soybean Meal Aug 2015 310.4 -4.2 -1.34%
Soybean Oil May 2015 31.44 -0.07 -0.22%
Soybean Oil Jul 2015 31.58 -0.07 -0.22%
Soybean Oil Aug 2015 31.62 -0.1 -0.32%
Corn May 2015 359.75 -2.75 -0.76%
Corn Jul 2015 363 -3.25 -0.89%
Corn Sep 2015 369.75 -3 -0.80%
Corn Dec 2015 380.25 -3.25 -0.85%
Corn Mar 2016 391.5 -3.25 -0.82%
Oats May 2015 229 -10.75 -4.48%
Oats Jul 2015 236 -8.25 -3.38%
Oats Dec 2015 250.75 -6.5 -2.53%
Oats Mar 2016 260.75 -5.25 -1.97%
Wheat May 2015 470 +3 +0.64%
Wheat Jul 2015 474 unch 0.00%
Wheat Sep 2015 482.75 -1 -0.21%
Wheat Dec 2015 500.75 -1.5 -0.30%
Wheat Mar 2016 518 -2 -0.38%
Minneapolis
Spring Wheat May 2015 520.25 -3 -0.57%
Spring Wheat Jul 2015 534.5 -3.5 -0.65%
Spring Wheat Sep 2015 545 -3 -0.55%
Spring Wheat Dec 2015 557.75 -1.75 -0.31%
Spring Wheat Mar 2016 572.5 -3 -0.52%
Kansas City
Hard Red Wheat May 2015 493.25 +3 +0.61%
Hard Red Wheat Jul 2015 500.5 +1.5 +0.30%
Hard Red Wheat Sep 2015 510.5 +1.25 +0.25%
Hard Red Wheat Dec 2015 530 +1.5 +0.28%
Hard Red Wheat Mar 2016 543.25 +1.75 +0.32%
