Big crop estimates overwhelm weather woe reports

Markets fell hard after the WASDE puts record corn and large bean crops into the minds of traders. Despite lower yielding wheat and canola and rapeseed crops, the markets cut those along with the American favourites.

Canola fell hard for a few hours after the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates came out Aug. 10, but bounced back a couple of dollars per tonne to settle at $504.90, down $3.80 on the day for the November futures.

Soybeans for August were down 5 percent for the trading day, at US$8.45-25 per bushel. Corn was off 12 US cents at $3.57-25.

Hard red spring wheat on Chicago was down 21 cents per bu. at $6.08-75.

Live cattle and December lean hogs were the only agricultural commodities to end up higher on the day. The Canadian dollare was off half a US penny and crude oil finished up 86 cents.

For the rest of the WASDE report story visit our story here.

 

Name / Contract High Low Last Change Settlement
Canola Nov 2018 (updated 1:51PM(CST) on 8/10/2018) 511.70 501.00 504.90 -3.80 504.90
Canola Jan 2019 (updated 1:51PM(CST) on 8/10/2018) 517.10 506.20 510.10 -3.80 510.10
Canola Mar 2019 (updated 1:53PM(CST) on 8/10/2018) 520.00 511.00 514.40 -4.40 514.40
Canola May 2019 (updated 1:52PM(CST) on 8/10/2018) 523.00 514.70 518.60 -4.40 518.60
Canola Jul 2019 (updated 1:53PM(CST) on 8/10/2018) 520.00 515.80 520.00 -4.10 520.00
Soybeans Aug 2018 886.25 845.25 845.25 -42.50 846.00
Soybeans Sep 2018 893.00 849.50 850.00 -43.00 850.75
Soybeans Nov 2018 903.75 860.25 860.75 -43.25 861.75
Soybeans Jan 2019 915.00 872.50 873.00 -42.50 873.50
Soybeans Mar 2019 923.75 884.25 884.75 -40.25 885.00
Soybeans May 2019 934.00 895.75 895.75 -39.50 896.50
Soybean Meal Aug 2018 333.90 323.50 323.50 -10.50 323.50
Soybean Meal Sep 2018 332.70 321.10 321.50 -11.10 321.70
Soybean Meal Oct 2018 333.40 321.50 321.70 -11.70 322.10
Soybean Oil Aug 2018 28.51 28.20 27.99 -0.43 27.99
Soybean Oil Sep 2018 28.67 28.00 28.09 -0.46 28.10
Soybean Oil Oct 2018 28.76 28.11 28.22 -0.43 28.20
Corn Sep 2018 369.75 357.00 357.25 -12.00 357.75
Corn Dec 2018 383.50 370.75 371.25 -11.50 371.75
Corn Mar 2019 394.75 382.25 382.75 -11.25 383.25
Corn May 2019 401.25 389.00 389.25 -11.50 390.25
Corn Jul 2019 407.00 394.75 395.25 -11.00 396.00
Oats Sep 2018 265.50 259.00 256.75 -4.75 256.75
Oats Dec 2018 275.00 265.75 266.75 -4.00 266.50
Oats Mar 2019 278.50 270.25 270.75 -5.00 270.75
Oats May 2019 273.00 273.00 273.00 -5.00 273.00
Oats Jul 2019 276.00 276.00 276.00 -5.00 276.00
Wheat Sep 2018 574.00 545.75 546.50 -18.00 546.75
Wheat Dec 2018 595.50 568.25 569.00 -17.50 569.50
Wheat Mar 2019 615.50 589.50 591.00 -16.00 591.00
Wheat May 2019 621.50 597.25 599.00 -15.75 598.75
Wheat Jul 2019 608.75 589.00 590.50 -13.75 590.75
Spring Wheat Sep 2018 633.00 606.50 608.75 -21.00 608.75
Spring Wheat Dec 2018 650.25 623.75 626.00 -21.00 626.00
Spring Wheat Mar 2019 660.00 636.75 639.00 -18.50 639.00
Spring Wheat May 2019 665.75 644.75 646.50 -16.75 646.50
Spring Wheat Jul 2019 665.75 650.25 648.75 -14.75 648.75
Hard Red Wheat Sep 2018 585.50 559.00 559.00 -19.50 559.75
Hard Red Wheat Dec 2018 610.50 584.50 584.50 -19.75 585.00
Hard Red Wheat Mar 2019 629.75 605.75 606.25 -18.00 606.50
Hard Red Wheat May 2019 639.50 617.75 619.00 -15.75 618.75
Hard Red Wheat Jul 2019 629.75 612.50 613.50 -12.50 613.75
Live Cattle (P) Aug 2018 108.72 107.15 108.50 0.25 108.25
Live Cattle (P) Oct 2018 109.55 108.20 109.40 0.35 109.25
Live Cattle (P) Dec 2018 113.50 112.18 113.35 0.38 113.10
Feeder Cattle (P) Aug 2018 150.40 148.45 149.95 0.60 149.90
Feeder Cattle (P) Sep 2018 149.70 147.70 149.68 0.66 149.52
Feeder Cattle (P) Oct 2018 149.75 147.92 149.62 0.42 149.48
Lean Hogs (P) Aug 2018 55.62 54.70 54.88 -0.09 54.80
Lean Hogs (P) Oct 2018 54.07 50.75 51.20 -0.20 51.18
Lean Hogs (P) Dec 2018 49.35 46.90 47.60 0.27 47.48
Canadian Dollar Aug 2018 0.7647 0.7606 0.7612 -0.0059 0.7612
Crude Sep 2018 67.87 66.14 67.67 0.86 67.63

 

 

About the author

Comments

Copyright © 2016. All market data is provided by Barchart Market Data Solutions. Futures: at least 10 minute delayed except as noted. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.
CME groupICE

explore

Stories from our other publications