Canola futures rose Wednesday with support from a stronger soy complex and a rebound in palm futures.
Generally it was an up day in the crop markets, except for Minneapolis spring wheat.
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The market was mostly trading weather. Forecasts for rain in Argentina’s soybean area supported the oilseed. The moisture could delay harvesting in that country.
Recent moisture in the U.S. Midwest could slightly delay the start of seeding there.
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We could get some precipitation on the weekend in Manitoba and Saskatchewan and early next week the temperature is forecast to be cooler than normal for a few days.
Otherwise there was little news to trade on.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were up 12 cents to US$51.15 per barrel.
In the afternoon, the Canadian dollar was trading around US74.47 cents, down from 74.61 cents the previous trading day. The U.S. dollar was C$1.3428.
The Toronto Stock Exchange’s S&P/TSX composite index ended down 26.08 points, or 0.17 percent, at 15,642.99.
The Dow Jones Industrial Average ended down 41.09 points, or 0.2 percent, at 20,648.15, the S&P 500 lost 7.21 points, or 0.31 percent, to 2,352.95 and the Nasdaq Composite dropped 34.13 points, or 0.58 percent, to 5,864.48.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2017 489.30 +3.80 +0.78%
Canola Jul 2017 493.70 +4.00 +0.82%
Canola Nov 2017 483.40 +4.50 +0.94%
Canola Jan 2018 486.10 +4.60 +0.96%
Canola Mar 2018 489.60 +5.00 +1.03%
Milling Wheat May 2017 227.00 -1.00 -0.44%
Milling Wheat Jul 2017 228.00 -1.00 -0.44%
Milling Wheat Oct 2017 224.00 -1.00 -0.44%
Durum Wheat May 2017 273.00 unch 0.00%
Durum Wheat Jul 2017 272.00 unch 0.00%
Durum Wheat Oct 2017 263.00 unch 0.00%
Barley May 2017 137.00 unch 0.00%
Barley Jul 2017 138.00 unch 0.00%
Barley Oct 2017 140.00 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 2017 944.25 +6.50 +0.69%
Soybeans Jul 2017 955.25 +6.75 +0.71%
Soybeans Aug 2017 957.75 +6.50 +0.68%
Soybeans Sep 2017 955.75 +5.75 +0.61%
Soybeans Nov 2017 954.00 +5.00 +0.53%
Soybeans Jan 2018 960.25 +5.25 +0.55%
Soybean Meal May 2017 309.80 +1.70 +0.55%
Soybean Meal Jul 2017 312.90 +1.40 +0.45%
Soybean Meal Aug 2017 313.40 +1.20 +0.38%
Soybean Oil May 2017 31.83 +0.40 +1.27%
Soybean Oil Jul 2017 32.09 +0.38 +1.20%
Soybean Oil Aug 2017 32.19 +0.38 +1.19%
Corn May 2017 364.75 +1.75 +0.48%
Corn Jul 2017 372.50 +1.75 +0.47%
Corn Sep 2017 380.00 +1.75 +0.46%
Corn Dec 2017 389.25 +1.50 +0.39%
Corn Mar 2018 398.50 +1.50 +0.38%
Oats May 2017 222.50 -0.25 -0.11%
Oats Jul 2017 219.25 unch 0.00%
Oats Sep 2017 217.50 -0.25 -0.11%
Oats Dec 2017 218.50 -0.25 -0.11%
Oats Mar 2018 225.25 -0.25 -0.11%
Wheat May 2017 429.75 +2.75 +0.64%
Wheat Jul 2017 442.50 +2.50 +0.57%
Wheat Sep 2017 456.75 +2.25 +0.50%
Wheat Dec 2017 477.00 +2.00 +0.42%
Wheat Mar 2018 493.75 +2.75 +0.56%
Minneapolis
Spring Wheat May 2017 524.50 -2.75 -0.52%
Spring Wheat Jul 2017 532.25 -3.00 -0.56%
Spring Wheat Sep 2017 540.50 -3.00 -0.55%
Spring Wheat Dec 2017 551.50 -2.00 -0.36%
Spring Wheat Mar 2018 562.25 -1.50 -0.27%
Kansas City
Hard Red Wheat May 2017 425.00 +3.25 +0.77%
Hard Red Wheat Jul 2017 438.00 +3.50 +0.81%
Hard Red Wheat Sep 2017 454.00 +3.75 +0.83%
Hard Red Wheat Dec 2017 477.50 +3.50 +0.74%
Hard Red Wheat Mar 2018 494.50 +3.00 +0.61%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Apr 2017 118.28 +0.06 +0.05%
Live Cattle (P) Jun 2017 109.42 +0.12 +0.11%
Live Cattle (P) Aug 2017 105.60 +0.07 +0.07%
Feeder Cattle (P) Apr 2017 130.52 -0.50 -0.38%
Feeder Cattle (P) May 2017 130.42 +0.12 +0.09%
Feeder Cattle (P) Aug 2017 132.15 +0.03 +0.02%
Lean Hogs (P) Apr 2017 63.62 -0.05 -0.08%
Lean Hogs (P) May 2017 68.35 +0.17 +0.25%
Lean Hogs (P) Jun 2017 72.02 +0.05 +0.07%
