Canola falls slightly

Crop futures prices moved around a bit Monday but closed little changed.

March canola fell $1 per tonne to $446, while May fell $3.10 to $449.70.

Soybean oil was slightly lower, as were corn and soybeans, while soybean meal edged higher, as did most wheat contracts.

Most crop futures were under a lot of pressure last week, so Monday was a bit of a relief.

U.S. weekly exports of most crops increased pace last week, the U.S. Department of Agriculture reported, but remain behind last year’s pace.

China is considering lowering it corn stockpile levels.

USDA’s annual outlook conference spurred much discussion about spring acreage numbers. While crop prices are low, so are input prices, and how farmers react to that combination will help determine the total acreage and crop mix.

ICE Futures Canada adjusted down its durum contract

ed.white@producer.com

Light crude oil nearby futures in New York were up 97 cents to US$33.75 per barrel.

The Canadian dollar at noon was US73.95 cents, up from 73.82 cents the previous trading day. The U.S. dollar at noon was C$1.3523.

Winnipeg ICE Futures Canada dollars per tonne

Canola Mar 2016   446.00   -1.00   -0.22%

Canola May 2016   449.70   -3.10   -0.68%

Canola Jul 2016   454.50   -4.30   -0.94%

Canola Nov 2016   461.50   -3.90   -0.84%

Canola Jan 2017   466.10   -3.90   -0.83%

Milling Wheat Mar 2016   220.00   -6.00   -2.65%

Milling Wheat May 2016   223.00   -6.00   -2.62%

Milling Wheat Jul 2016   227.00   -6.00   -2.58%

Durum Wheat Mar 2016   294.00   -23.00   -7.26%

Durum Wheat May 2016   299.00   -26.00   -8.00%

Durum Wheat Jul 2016   286.00   -24.00   -7.74%

Barley Mar 2016   183.00   +1.00   +0.55%

Barley May 2016   185.00   +0.90   +0.49%

Barley Jul 2016   187.00   +2.00   +1.08%

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

Chicago

Soybeans Mar 2016   853   -2   -0.23%

Soybeans May 2016   861   -2.5   -0.29%

Soybeans Jul 2016   867.5   -2.5   -0.29%

Soybeans Aug 2016   869.75   -2.75   -0.32%

Soybeans Sep 2016   870.25   -2.75   -0.32%

Soybeans Nov 2016   873.5   -2.5   -0.29%

Soybean Meal Mar 2016   259.3   +2.1   +0.82%

Soybean Meal May 2016   262.5   +1.9   +0.73%

Soybean Meal Jul 2016   265.2   +1.9   +0.72%

Soybean Oil Mar 2016   30.64   -0.39   -1.26%

Soybean Oil May 2016   30.87   -0.36   -1.15%

Soybean Oil Jul 2016   31.11   -0.36   -1.14%

Corn Mar 2016   353.5   -1   -0.28%

Corn May 2016   357   -2.5   -0.70%

Corn Jul 2016   361.75   -2.5   -0.69%

Corn Sep 2016   367.25   -2.75   -0.74%

Corn Dec 2016   375.75   -2.5   -0.66%

Oats Mar 2016   169.25   -1.75   -1.02%

Oats May 2016   182.75   -1.25   -0.68%

Oats Jul 2016   191.5   -1.25   -0.65%

Oats Sep 2016   197.5   -1.25   -0.63%

Oats Dec 2016   205.5   unch   0.00%

Wheat Mar 2016   445   +1.75   +0.39%

Wheat May 2016   453.25   +1   +0.22%

Wheat Jul 2016   460.25   +0.75   +0.16%

Wheat Sep 2016   470   +0.25   +0.05%

Wheat Dec 2016   485.25   -0.5   -0.10%

Minneapolis

Spring Wheat Mar 2016   492   +2.75   +0.56%

Spring Wheat May 2016   488.75   -1.25   -0.26%

Spring Wheat Jul 2016   496.75   -2   -0.40%

Spring Wheat Sep 2016   506.5   -2.25   -0.44%

Spring Wheat Dec 2016   521.25   -2.75   -0.52%

Kansas City

Hard Red Wheat Mar 2016   445   +2.5   +0.56%

Hard Red Wheat May 2016   457.5   +3.25   +0.72%

Hard Red Wheat Jul 2016   467.25   +2.75   +0.59%

Hard Red Wheat Sep 2016   480.75   +2.75   +0.58%

Hard Red Wheat Dec 2016   501.25   +2.75   +0.55%

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