A weaker loonie and stronger vegetable oil prices helped canola futures to post a small gain on Wednesday.
Palm and soy oil rose a little on bargain buying after sharp declines in recent days.
Tightening supplies as exports and domestic crush move at a record pace support canola.
Soybeans were lower on expectations of record production from South America and a big increase in seeded area this spring in the United States.
Corn edged higher on ideas that the USDA will predict that the seeded area of the crop will fall this year.
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Crop markets await the USDA’s forecast of seeded area of American crops to be released this week at its outlook conference.
OUTSIDE MARKETS
Wheat also edged higher on supportive export business.
Light crude oil nearby futures in New York fell 74 cents to US$53.59 per barrel.
The Canadian dollar at noon was US75.83 cents, down from 76.05 cents the previous trading day. The U.S. dollar at noon was C$1.3144.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 92.15 points, or 0.58 percent, at 15,830.22.
The Dow Jones Industrial Average rose 32.6 points, or 0.16 percent, to 20,775.6. It was the ninth record close in a row, the longest such streak since 1987.
The S&P 500 lost 2.56 points, or 0.11 percent, to 2,362.82 and the Nasdaq Composite dropped 5.32 points, or 0.09 percent, to 5,860.63.
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 518.30 +1.60 +0.31%
Canola May 2017 523.50 +0.90 +0.17%
Canola Jul 2017 526.90 +1.40 +0.27%
Canola Nov 2017 503.70 +2.70 +0.54%
Canola Jan 2018 508.50 +2.30 +0.45%
Milling Wheat Mar 2017 229.00 unch 0.00%
Milling Wheat May 2017 234.00 +1.00 +0.43%
Milling Wheat Jul 2017 235.00 unch 0.00%
Durum Wheat Mar 2017 281.00 unch 0.00%
Durum Wheat May 2017 283.00 unch 0.00%
Durum Wheat Jul 2017 282.00 unch 0.00%
Barley Mar 2017 135.00 unch 0.00%
Barley May 2017 137.00 unch 0.00%
Barley Jul 2017 138.00 unch 0.00%
American crop futures in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2017 1022.75 -3.50 -0.34%
Soybeans May 2017 1033.50 -3.75 -0.36%
Soybeans Jul 2017 1043.00 -3.25 -0.31%
Soybeans Aug 2017 1042.25 -3.00 -0.29%
Soybeans Sep 2017 1026.75 -2.25 -0.22%
Soybeans Nov 2017 1013.50 -1.00 -0.10%
Soybean Meal Mar 2017 335.00 -2.40 -0.71%
Soybean Meal May 2017 339.50 -2.40 -0.70%
Soybean Meal Jul 2017 342.90 -2.20 -0.64%
Soybean Oil Mar 2017 32.72 +0.05 +0.15%
Soybean Oil May 2017 33.00 +0.05 +0.15%
Soybean Oil Jul 2017 33.27 +0.05 +0.15%
Corn Mar 2017 371.00 +1.75 +0.47%
Corn May 2017 378.25 +1.75 +0.46%
Corn Jul 2017 385.50 +1.75 +0.46%
Corn Sep 2017 391.25 +1.75 +0.45%
Corn Dec 2017 397.25 +1.50 +0.38%
Oats Mar 2017 253.00 +0.50 +0.20%
Oats May 2017 252.75 +2.00 +0.80%
Oats Jul 2017 248.25 +1.75 +0.71%
Oats Sep 2017 241.00 +2.50 +1.05%
Oats Dec 2017 238.75 +3.75 +1.60%
Wheat Mar 2017 441.25 +5.25 +1.20%
Wheat May 2017 456.00 +6.25 +1.39%
Wheat Jul 2017 469.75 +5.50 +1.18%
Wheat Sep 2017 484.50 +4.75 +0.99%
Wheat Dec 2017 502.00 +4.75 +0.96%
Minneapolis
Spring Wheat Mar 2017 542.75 +1.50 +0.28%
Spring Wheat May 2017 552.25 +3.00 +0.55%
Spring Wheat Jul 2017 558.25 +3.00 +0.54%
Spring Wheat Sep 2017 564.50 +3.25 +0.58%
Spring Wheat Dec 2017 575.00 +3.75 +0.66%
Kansas
Hard Red Wheat Mar 2017 457.75 +5.50 +1.22%
Hard Red Wheat May 2017 471.25 +5.75 +1.24%
Hard Red Wheat Jul 2017 483.00 +5.75 +1.20%
Hard Red Wheat Sep 2017 497.25 +5.75 +1.17%
Hard Red Wheat Dec 2017 516.50 +5.50 +1.08%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Feb 2017 121.30 +2.20 +1.85%
Live Cattle (P) Apr 2017 116.08 +0.78 +0.68%
Live Cattle (P) Jun 2017 106.42 +0.47 +0.44%
Feeder Cattle (P) Mar 2017 125.10 +0.55 +0.44%
Feeder Cattle (P) Apr 2017 125.52 +0.39 +0.31%
Feeder Cattle (P) May 2017 124.65 +0.28 +0.23%
Lean Hogs (P) Apr 2017 67.75 -2.60 -3.70%
Lean Hogs (P) May 2017 73.40 -2.05 -2.72%
Lean Hogs (P) Jun 2017 77.25 -1.80 -2.28%
