Harvest pressure slightly depressed crop futures prices across the board on Tuesday.
Also there was some profit taking after Monday’s short covering rally.
Canola futures dipped along with soybeans and on good weather that is advancing harvest. There was frost in large parts of Saskatchewan Tuesday morning but warm temperatures are on the way later this week.
The USDA reported late Monday that U.S. soybean harvest is seven percent complete as of Sunday, ahead of the year-ago pace.
It also rated 63 percent of the soybean crop as good to excellent, up from 61 percent a week earlier, Reuters reported.
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U.S. grains: Soy futures top one-week high, US crop outlook limits gains
Chicago Board of Trade soybean futures hit their highest level in more than a week on Thursday as technical buying helped the market recover from a three-month low reached on Monday, analysts said.
The USDA said corn crop ratings were unchanged at 68 percent good to excellent, adding that 10 percent of the crop had been harvested.
There is talk from early harvest results that yields in the Midwest are good.
Light crude oil nearby futures in New York were down 85 cents to US$45.83 per barrel.
The Canadian dollar at noon was US75.31cents, up from 75.47 cents the previous trading day. The U.S. dollar at noon was C$1.3278.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2015 464.60 -3.40 -0.73%
Canola Jan 2016 469.60 -3.80 -0.80%
Canola Mar 2016 471.80 -3.90 -0.82%
Canola May 2016 472.30 -3.80 -0.80%
Canola Jul 2016 472.70 -3.80 -0.80%
Milling Wheat Oct 2015 235.00 unch 0.00%
Milling Wheat Dec 2015 239.00 unch 0.00%
Milling Wheat Mar 2016 244.00 unch 0.00%
Durum Wheat Oct 2015 330.00 unch 0.00%
Durum Wheat Dec 2015 330.00 unch 0.00%
Durum Wheat Mar 2016 335.00 unch 0.00%
Barley Oct 2015 184.00 unch 0.00%
Barley Dec 2015 184.00 unch 0.00%
Barley Mar 2016 186.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Nov 2015 861.75 -12.5 -1.43%
Soybeans Jan 2016 866.5 -12.25 -1.39%
Soybeans Mar 2016 871 -11.25 -1.28%
Soybeans May 2016 874.25 -10.75 -1.21%
Soybeans Jul 2016 879.25 -10.5 -1.18%
Soybeans Aug 2016 878.75 -10.25 -1.15%
Soybean Meal Oct 2015 304.9 -4.7 -1.52%
Soybean Meal Dec 2015 303.3 -4.9 -1.59%
Soybean Meal Jan 2016 301.8 -5.1 -1.66%
Soybean Oil Oct 2015 26.13 -0.37 -1.40%
Soybean Oil Dec 2015 26.34 -0.37 -1.39%
Soybean Oil Jan 2016 26.67 -0.36 -1.33%
Corn Dec 2015 380.5 -4 -1.04%
Corn Mar 2016 392.25 -3.75 -0.95%
Corn May 2016 399.5 -4 -0.99%
Corn Jul 2016 404.75 -4.25 -1.04%
Corn Sep 2016 398.75 -5 -1.24%
Oats Dec 2015 226.5 -5.25 -2.27%
Oats Mar 2016 230.25 -5.5 -2.33%
Oats May 2016 233 -5.25 -2.20%
Oats Jul 2016 233.75 -5.25 -2.20%
Oats Sep 2016 233.75 -5.25 -2.20%
Wheat Dec 2015 495.5 -1.25 -0.25%
Wheat Mar 2016 502.75 -1.25 -0.25%
Wheat May 2016 507.5 -1.25 -0.25%
Wheat Jul 2016 511.5 -1.25 -0.24%
Wheat Sep 2016 520 -1.25 -0.24%
Minneapolis
Spring Wheat Dec 2015 517 -1.25 -0.24%
Spring Wheat Mar 2016 531 -0.75 -0.14%
Spring Wheat May 2016 541 -1.25 -0.23%
Spring Wheat Jul 2016 551 -1.25 -0.23%
Spring Wheat Sep 2016 562 -0.75 -0.13%
Kansas City
Hard Red Wheat Dec 2015 488 -2.5 -0.51%
Hard Red Wheat Mar 2016 502.5 -2.5 -0.50%
Hard Red Wheat May 2016 512.25 -2.5 -0.49%
Hard Red Wheat Jul 2016 522 -2.25 -0.43%
Hard Red Wheat Sep 2016 536 -1.75 -0.33%
