Canola was pulled lower by beans.
Chicago Board of Trade soybean and oil contracts were down, while meal contracts were mixed.
Last week saw heavy farmer selling, Canadian Grain Commission data released on Friday showed 636,500 tonnes of canola deliveries to elevators. We could see more selling this week as farmers look for cash for month end.
There was heavy liquidation today as traders moved interest out of the soon to expire November contract and into the January contract.
The Canadian dollar was weaker at commodity market close, which limited losses for canola.
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About 20,923 canola contracts traded, which compares with Friday when 26,441 contracts changed hands. Spreading accounted for 16,042 of the contracts traded.
Chicago Board of Trade (CBOT) SOYBEANS and oil contracts were weaker at market close, while meal contracts were mixed.
United States Department of Agriculture (USDA) soybean export inspections for last week were at 47.9 million bushels, which was higher than previously estimated.
China has approved a measure that will lower protein levels in animal feed. This will supposedly lower their soybean use by about 13 per cent and help reduce the need to purchase U.S. soybeans.
AgRural has estimated Brazil’s soybean crop to be at 46 per cent planted so far, which is a record for this time of year. The average is 28 per cent.
CBOT CORN prices finished the day weaker.
According to the USDA, corn export inspections for last week were at 25.7 million bushels, which was less than estimated.
AgRural has estimated that Brazil’s first corn crop area is 2.6 per cent higher than last year.
WHEAT futures in the U.S. finished the day mixed.
USDA wheat inspections for last week were at 14.4 million bushels, which was in-line with estimates.
Egypt made its first significant wheat purchase from the U.S. in more than a year on Friday, buying 60,000 tonnes of soft red winter wheat.
| Name / Contract | High | Low | Last | Change | Settlement |
| Canola Nov 2018 (updated 2:34AM(CST) on 10/27/2018) | 486.00 | 482.20 | 483.10 | 0.40 | 481.90 |
| Canola Jan 2019 (updated 2:34AM(CST) on 10/27/2018) | 494.40 | 490.60 | 491.50 | 0.40 | 490.20 |
| Canola Mar 2019 (updated 2:34AM(CST) on 10/27/2018) | 501.30 | 497.70 | 498.70 | 0.40 | 497.70 |
| Canola May 2019 (updated 2:34AM(CST) on 10/27/2018) | 506.80 | 503.40 | 504.70 | 1.00 | 503.90 |
| Canola Jul 2019 (updated 2:34AM(CST) on 10/27/2018) | 510.80 | 507.40 | 508.80 | 1.00 | 508.30 |
| Soybeans Nov 2018 | 849.25 | 841.00 | 845.00 | 3.25 | 839.00 |
| Soybeans Jan 2019 | 862.00 | 853.75 | 857.75 | 3.25 | 852.25 |
| Soybeans Mar 2019 | 875.25 | 867.00 | 871.00 | 3.00 | 865.50 |
| Soybeans May 2019 | 889.00 | 881.00 | 884.75 | 2.75 | 879.25 |
| Soybeans Jul 2019 | 900.75 | 892.75 | 896.50 | 2.75 | 891.25 |
| Soybeans Aug 2019 | 905.00 | 898.00 | 901.50 | 3.25 | 896.25 |
| Soybean Meal Dec 2018 | 308.90 | 304.60 | 307.30 | 3.00 | 308.20 |
| Soybean Meal Jan 2019 | 311.00 | 306.70 | 309.50 | 3.00 | 310.00 |
| Soybean Meal Mar 2019 | 312.40 | 308.00 | 310.80 | 3.00 | 310.50 |
| Soybean Oil Dec 2018 | 28.46 | 28.10 | 28.16 | -0.23 | 27.89 |
| Soybean Oil Jan 2019 | 28.69 | 28.33 | 28.38 | -0.23 | 28.11 |
| Soybean Oil Mar 2019 | 28.94 | 28.58 | 28.65 | -0.21 | 28.38 |
| Corn Dec 2018 | 369.75 | 361.75 | 367.75 | 6.75 | 366.75 |
| Corn Mar 2019 | 382.25 | 374.00 | 380.00 | 6.50 | 379.25 |
| Corn May 2019 | 389.75 | 381.75 | 388.00 | 6.50 | 387.25 |
| Corn Jul 2019 | 395.50 | 387.50 | 393.75 | 6.50 | 393.00 |
| Corn Sep 2019 | 397.50 | 390.25 | 396.00 | 6.25 | 395.25 |
| Oats Dec 2018 | 294.00 | 285.00 | 292.00 | 6.25 | 286.50 |
| Oats Mar 2019 | 285.50 | 278.50 | 284.25 | 6.00 | 280.75 |
| Oats May 2019 | 286.50 | 283.50 | 286.50 | 5.25 | 283.25 |
| Oats Jul 2019 | 288.50 | 288.50 | 288.50 | 5.00 | 285.50 |
| Oats Sep 2019 | 286.25 | 286.25 | 286.25 | 3.50 | 284.75 |
| Wheat Dec 2018 | 506.75 | 486.75 | 505.25 | 18.00 | 507.25 |
| Wheat Mar 2019 | 525.00 | 507.25 | 524.25 | 16.50 | 526.00 |
| Wheat May 2019 | 537.25 | 520.50 | 536.75 | 15.75 | 538.25 |
| Wheat Jul 2019 | 544.00 | 528.00 | 543.50 | 15.25 | 544.75 |
| Wheat Sep 2019 | 555.50 | 540.00 | 555.50 | 15.25 | 556.25 |
| Spring Wheat Dec 2018 | 580.50 | 569.00 | 577.75 | 8.25 | 577.50 |
| Spring Wheat Mar 2019 | 589.00 | 577.75 | 586.00 | 7.75 | 586.00 |
| Spring Wheat May 2019 | 597.00 | 587.00 | 594.00 | 7.25 | 594.25 |
| Spring Wheat Jul 2019 | 604.50 | 601.00 | 601.75 | 7.00 | 601.75 |
| Spring Wheat Sep 2019 | 612.25 | 608.00 | 608.50 | 6.75 | 608.50 |
| Hard Red Wheat Dec 2018 | 503.25 | 486.50 | 500.25 | 13.75 | 501.50 |
| Hard Red Wheat Mar 2019 | 529.25 | 513.50 | 526.75 | 13.75 | 527.75 |
| Hard Red Wheat May 2019 | 542.00 | 527.25 | 540.25 | 13.25 | 541.75 |
| Hard Red Wheat Jul 2019 | 550.25 | 536.25 | 549.00 | 13.00 | 550.75 |
| Hard Red Wheat Sep 2019 | 565.50 | 555.00 | 564.50 | 12.75 | 565.50 |
| Live Cattle (Pit) Oct 2018 | 113.88 | 113.88 | 113.88 | 0.53 | 114.30 |
| Live Cattle (Pit) Dec 2018 | 118.40 | 118.40 | 118.40 | 1.33 | 117.25 |
| Live Cattle (Pit) Feb 2019 | 123.45 | 123.45 | 123.45 | 1.23 | 122.80 |
| Feeder Cattle (Pit) Nov 2018 | 154.80 | 154.80 | 154.80 | 0.85 | 153.90 |
| Feeder Cattle (Pit) Jan 2019 | 149.70 | 149.70 | 149.70 | 0.65 | 149.83 |
| Feeder Cattle (Pit) Mar 2019 | 147.83 | 147.83 | 147.83 | 0.33 | 147.98 |
| Lean Hogs (Pit) Dec 2018 | 57.93 | 57.93 | 57.93 | 1.15 | 58.85 |
| Lean Hogs (Pit) Feb 2019 | 66.38 | 66.38 | 66.38 | 1.83 | 66.90 |
| Lean Hogs (Pit) Apr 2019 | 71.50 | 71.50 | 71.50 | 1.28 | 71.83 |
| Canadian Dollar Nov 2018 | 0.7652 | 0.7609 | 0.7642 | -0.0009 | 0.7626 |
| Crude Oil WTI Dec 2018 | 67.88 | 66.20 | 67.59 | 0.26 | 66.55 |
