It was another day of modest movement in crop futures, with USDA weekly export sales numbers as the key subject of interest.
The March canola contract edged higher for a second day, even as the loonie rose 0.4 percent.
Slightly stronger soy oil and soybeans helped to support canola.
March canola closed at $515.20, up $3.10.
New crop November canola closed at $504.10 up $5.20.
The market was also adjusting ahead of the Dec. stocks report from Statistics Canada.
A Reuters poll showed the trade on average expects stocks to be nine percent smaller than last year at this point.
Read Also
Farm cash receipts rise in first half of 2025 on livestock gains
Farm cash receipts in the first half of the year were up 3.3 per cent over the same period last year buoyed by livestock receipts. Overall receipts between January and June totalled $49.6 billion, up $1.6 billion from the same period last year, Statistics Canada reported.
CLICK HERE TO WATCH THIS WEEK’S CROP MARKET VIDEO UPDATE
Wheat rose early on stronger than expected weekly export sales but values then sagged in the Chicago and Kansas contracts but Minneapolis spring wheat closed up almost one percent. The protein spring wheat supply is tighter than other classes.
U.S. EXPORT SALES
The USDA said weekly export sales of old-crop wheat totaled 451,200 tonnes, slightly topping the range of analysts’ forecasts. New-crop wheat export sales were 59,000 tonnes, in line with market expectations.
Gains were limited by ample global supply of wheat and thoughts that there has been very little cold weather damage to winter wheat around the world.
Old-crop U.S. soybeans export sales were 623,900 tonnes, in line with trade expectations, and new-crop sales at 351,100 tonnes, above expectations.
Old crop corn export sales at 1.14 million tonnes were near the high end of a range of trade estimates.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were down 34 cents to US$53.54 per barrel.
The Canadian dollar at noon was US76.81 cents, up from 76.40 cents the previous trading day. The U.S. dollar at noon was C$1.3019.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 3.28 points, or 0.02 percent, at 15,399.11. Six of the index’s 10 main groups ended lower.
The Dow Jones Industrial Average fell 5.76 points, or 0.03 percent, to 19,885.18, the S&P 500 gained 1.28 points, or 0.06 percent, to 2,280.83 and the Nasdaq Composite dropped 6.45 points, or 0.11 percent, to 5,636.20.
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 17 515.20 +3.10 +0.61%
Canola May 17 522.70 +3.50 +0.67%
Canola Jul 17 525.80 +3.60 +0.69%
Canola Nov 17 504.10 +5.20 +1.04%
Canola Jan 18 508.50 +5.40 +1.07%
Milling Wheat Mar 17 237.00 +2.00 +0.85%
Milling Wheat May 17 241.00 +4.00 +1.69%
Milling Wheat Jul 17 244.00 +6.00 +2.52%
Durum Wheat Mar 17 297.00 +1.00 +0.34%
Durum Wheat May 17 299.00 +1.00 +0.34%
Durum Wheat Jul 17 298.00 unch unch
Barley Mar 17 135.00 unch unch
Barley May 17 137.00 unch unch
Barley Jul 17 138.00 unch unch
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2017 1037.25 +0.50 +0.05%
Soybeans May 2017 1047.25 +0.50 +0.05%
Soybeans Jul 2017 1055.25 +0.75 +0.07%
Soybeans Aug 2017 1053.25 +1.50 +0.14%
Soybeans Sep 2017 1035.50 +4.00 +0.39%
Soybeans Nov 2017 1018.50 +6.50 +0.64%
Soybean Meal Mar 2017 333.80 -2.20 -0.65%
Soybean Meal May 2017 337.50 -2.00 -0.59%
Soybean Meal Jul 2017 340.20 -1.40 -0.41%
Soybean Oil Mar 2017 34.59 +0.28 +0.82%
Soybean Oil May 2017 34.88 +0.28 +0.81%
Soybean Oil Jul 2017 35.15 +0.29 +0.83%
Corn Mar 2017 367.50 -0.75 -0.20%
Corn May 2017 375.00 -0.75 -0.20%
Corn Jul 2017 382.00 -0.75 -0.20%
Corn Sep 2017 388.25 -1.00 -0.26%
Corn Dec 2017 394.50 -1.75 -0.44%
Oats Mar 2017 255.00 +4.25 +1.69%
Oats May 2017 247.00 +1.00 +0.41%
Oats Jul 2017 245.25 +2.50 +1.03%
Oats Sep 2017 232.75 -9.00 -3.72%
Oats Dec 2017 228.50 -4.25 -1.83%
Wheat Mar 2017 434.50 +0.75 +0.17%
Wheat May 2017 447.00 +1.00 +0.22%
Wheat Jul 2017 460.75 +1.00 +0.22%
Wheat Sep 2017 475.25 +1.25 +0.26%
Wheat Dec 2017 492.50 +1.50 +0.31%
Minneapolis
Spring Wheat Mar 2017 561.00 +5.25 +0.94%
Spring Wheat May 2017 558.75 +4.75 +0.86%
Spring Wheat Jul 2017 561.25 +3.75 +0.67%
Spring Wheat Sep 2017 564.00 +3.00 +0.53%
Spring Wheat Dec 2017 571.00 +3.25 +0.57%
Kansas
Hard Red Wheat Mar 2017 443.50 +3.00 +0.68%
Hard Red Wheat May 2017 456.00 +2.75 +0.61%
Hard Red Wheat Jul 2017 468.25 +2.75 +0.59%
Hard Red Wheat Sep 2017 482.75 +3.00 +0.63%
Hard Red Wheat Dec 2017 504.25 +3.50 +0.70%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Feb 2017 116.88 +1.30 +1.12%
Live Cattle (P) Apr 2017 115.48 +1.78 +1.57%
Live Cattle (P) Jun 2017 105.52 +1.30 +1.25%
Feeder Cattle (P) Mar 2017 123.75 +1.68 +1.38%
Feeder Cattle (P) Apr 2017 123.60 +1.88 +1.54%
Feeder Cattle (P) May 2017 122.50 +1.88 +1.56%
Lean Hogs (P) Feb 2017 70.35 +0.92 +1.33%
Lean Hogs (P) Apr 2017 69.58 +0.48 +0.69%
Lean Hogs (P) May 2017 74.08 +0.41 +0.56%
