Winnipeg– The ICE Futures canola contacts finished the day weaker, pulled down by weak demand for the crop.
Chicago Board of Trade soybean, oil and meal contracts were all down too. New customs data released from China this morning showed December soybean imports dropped 40.1 per cent from last year. However, soybean imports in November from the United States had plunged to zero, due to the U.S./China trade war.
Read Also
Field-by-field mapping could improve yield, productivity predictions
University of Saskatchewan researchers are using field border mapping to collect data on field variability, including problematic weeds, and to predict things like yields.
Rain fell across southern Brazil over the weekend. The forecast is calling for more rain there this week, while the central and northern part of the country is expected to remain dry. There have been concerns about dryness in Brazil affecting the soybean crop there.
About 9,671 canola contracts traded, which compares with Friday when 11,229 contracts changed hands. Spreading accounted for 5,520 of the contracts traded.
OUTSIDE MARKETS
Light crude oil nearby futures in New York was down $1.08 at US$50.51 per barrel.
In the afternoon, the Canadian dollar was trading around US75.36 cents, down from 75.42 centsthe previous trading day. The U.S. dollar was C$1.3269.
Winnipeg ICE Futures Canada dollars per tonne.
Canola Jan 19 478.60s -3.60 -0.75%
Canola Mar 19 479.70s -3.60 -0.74%
Canola May 19 488.10s -4.00 -0.81%
Canola Jul 19 496.00s -3.80 -0.76%
Canola Nov 19 495.80s -2.40 -0.48%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound. Prices are displayed with fractions (2/8, 4/8, and 6/8) instead of decimals. -2 equals .25, -4 equals .50, -6 equals .75. The “s” means it is the settlement.
Chicago
Soybeans Jan 19 890-6s -8-4 -0.95%
Soybeans Mar 19 903-4s -6-6 -0.74%
Soybeans May 19 917-2s -6-4 -0.70%
Soybeans Jul 19 930-0s -6-2 -0.67%
Soybeans Aug 19 935-2s -6-0 -0.64%
Soybean Meal Jan 19 306.9s -3.5 -1.13%
Soybean Meal Mar 19 311.8s -2.8 -0.89%
Soybean Meal May 19 315.7s -3.0 -0.94%
Soybean Oil Jan 19 28.11s -0.06 -0.21%
Soybean Oil Mar 19 28.40s -0.01 -0.04%
Soybean Oil May 19 28.68s -0.02 -0.07%
Corn Mar 19 378-4s +0-2 +0.07%
Corn May 19 387-0s +0-2 +0.06%
Corn Jul 19 394-6s +0-4 +0.13%
Corn Sep 19 398-0s +0-6 +0.19%
Corn Dec 19 402-2s +0-6 +0.19%
Oats Mar 19 300-0s +5-2 +1.78%
Oats May 19 292-2s +5-2 +1.83%
Oats Jul 19 289-2s +3-0 +1.05%
Oats Sep 19 278-4s +0-4 +0.18%
Oats Dec 19 278-2s +4-6 +1.74%
Wheat Mar 19 514-2s -5-2 -1.01%
Wheat May 19 519-6s -5-2 -1.00%
Wheat Jul 19 524-4s -5-0 -0.94%
Wheat Sep 19 532-6s -5-0 -0.93%
Wheat Dec 19 546-4s -5-0 -0.91%
Minneapolis
Spring Wheat Mar 19 565-4s -4-4 -0.79%
Spring Wheat May 19 570-2s -4-0 -0.70%
Spring Wheat Jul 19 577-2s -3-4 -0.60%
Spring Wheat Sep 19 588-0s unch unch
Spring Wheat Dec 19 597-2s -3-6 -0.62%
Kansas City
Hard Red Wheat Mar 19 499-0s -5-4 -1.09%
Hard Red Wheat May 19 510-2s -5-6 -1.11%
Hard Red Wheat Jul 19 519-6s -6-0 -1.14%
Hard Red Wheat Sep 19 532-2s -5-4 -1.02%
Hard Red Wheat Dec 19 548-6s -5-4 -0.99%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Feb 19 125.425s +0.450 +0.36%
Live Cattle Apr 19 126.675s +0.300 +0.24%
Live Cattle Jun 19 117.175s -0.025 -0.02%
Feeder Cattle Jan 19 144.850s -1.275 -0.87%
Feeder Cattle Mar 19 144.400s -0.500 -0.35%
Feeder Cattle Apr 19 145.150s -0.600 -0.41%
Lean Hogs Feb 19 61.850s -0.800 -1.28%
Lean Hogs Apr 19 66.825s -0.525 -0.78%
Lean Hogs May 19 72.175s -0.700 -0.96%
