ICE Canada canola falls on hedge selling, down for week

WINNIPEG, Manitoba, Sept 30 (Reuters) – ICE Canada canola futures dropped on Friday for the fifth time in six sessions, on a boost in commercial hedge selling, notching a 1 percent weekly loss.

* Hedges picked up as farmers’ harvesting advanced, a trader said. In Alberta, 40 percent of canola is harvested.

* Market was underpinned by buying related to gains in Chicago soybeans.

* November canola dropped $1.50 at $463.60 per tonne. Earlier, the contract touched a 10-day low.

* For the month, most-active canola gained 1 percent.

* January canola lost $2 at $470.70.

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* November-January canola spread traded 2,829 times.

* Chicago November soybeans rose on a government report of smaller than expected U.S. stocks.

* The U.S. Agriculture Department reported corn and soybean stocks as of Sept. 1 at multi-year highs despite record usage of both commodities during the June, July and August time period.

* NYSE Liffe November rapeseed eased and Malaysian November crude palm oil rose.

* The Canadian dollar was trading at $1.3122 to the U.S. dollar, or 76.21 U.S. cents at 12:46 p.m. CDT (1746 GMT), higher than Thursday’s close of $1.3149, or 76.05 U.S. cents.

* Canada weekly canola crushings fell 8.1 percent.

Light crude oil nearby futures in New York were up 41 cents to US$48.24 per barrel.

The Canadian dollar at noon was US76.24 cents, down from 76.33 cents the previous trading day. The U.S. dollar at noon was C$1.3117.

Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2016   463.60   -1.50   -0.32%
Canola Jan 2017   470.70   -2.00   -0.42%
Canola Mar 2017   475.90   -1.80   -0.38%
Canola May 2017   481.00   -1.30   -0.27%
Canola Jul 2017   484.30   -0.80   -0.16%

Milling Wheat Oct 2016   224.00   +4.00   +1.82%
Milling Wheat Dec 2016   227.00   +4.00   +1.79%
Milling Wheat Mar 2017   232.00   +4.00   +1.75%

Durum Wheat Oct 2016   283.00   +2.00   +0.71%
Durum Wheat Dec 2016   282.00   +2.00   +0.71%
Durum Wheat Mar 2017   289.00   +3.00   +1.05%

Barley Oct 2016   132.50   unch   0.00%
Barley Dec 2016   132.50   unch   0.00%
Barley Mar 2017   134.50   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 2016   954.00   +3.75   +0.39%
Soybeans Jan 2017   959.25   +3.00   +0.31%
Soybeans Mar 2017   965.50   +2.50   +0.26%
Soybeans May 2017   971.75   +2.25   +0.23%
Soybeans Jul 2017   977.25   +2.50   +0.26%
Soybeans Aug 2017   976.00   +2.25   +0.23%

Soybean Meal Oct 2016   297.90   unch   0.00%
Soybean Meal Dec 2016   299.60   +0.90   +0.30%
Soybean Meal Jan 2017   300.20   +0.40   +0.13%

Soybean Oil Oct 2016   33.24   +0.15   +0.45%
Soybean Oil Dec 2016   33.44   +0.10   +0.30%
Soybean Oil Jan 2017   33.67   +0.09   +0.27%

Corn Dec 2016   336.75   +7.50   +2.28%
Corn Mar 2017   346.50   +7.50   +2.21%
Corn May 2017   353.50   +7.50   +2.17%

Corn Jul 2017   360.25   +7.25   +2.05%
Corn Sep 2017   367.00   +7.00   +1.94%

Oats Dec 2016   178.25   +2.25   +1.28%
Oats Mar 2017   187.00   +1.75   +0.94%
Oats May 2017   191.25   +1.00   +0.53%
Oats Jul 2017   198.50   -1.00   -0.50%
Oats Sep 2017   199.50   -1.00   -0.50%

Wheat Dec 2016   402.00   +3.00   +0.75%
Wheat Mar 2017   424.75   +3.00   +0.71%
Wheat May 2017   438.00   +2.50   +0.57%
Wheat Jul 2017   447.50   +1.25   +0.28%
Wheat Sep 2017   461.75   +1.75   +0.38%

Minneapolis
Spring Wheat Dec 2016   514.50   +4.75   +0.93%
Spring Wheat Mar 2017   521.00   +3.75   +0.72%
Spring Wheat May 2017   527.75   +3.00   +0.57%
Spring Wheat Jul 2017   535.50   +2.50   +0.47%
Spring Wheat Sep 2017   543.25   +1.25   +0.23%

Kansas City
Hard Red Wheat Dec 2016   415.50   -1.75   -0.42%
Hard Red Wheat Mar 2017   432.00   -1.75   -0.40%
Hard Red Wheat May 2017   442.50   -1.50   -0.34%
Hard Red Wheat Jul 2017   452.50   -1.50   -0.33%
Hard Red Wheat Sep 2017   467.00   -1.00   -0.21%

Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Oct 2016   98.90   -3.00   -2.94%
Live Cattle (P) Dec 2016   100.12   -3.01   -2.92%
Live Cattle (P) Feb 2017   100.60   -2.83   -2.74%

Feeder Cattle (P) Oct 2016   123.15   -4.35   -3.41%
Feeder Cattle (P) Nov 2016   119.65   -4.27   -3.45%
Feeder Cattle (P) Jan 2017   116.82   -3.81   -3.16%

Lean Hogs (P) Oct 2016   49.02   -3.01   -5.79%
Lean Hogs (P) Dec 2016   43.98   -3.00   -6.39%
Lean Hogs (P) Feb 2017   48.90   -2.70   -5.23%