March canola rose for a second day, climbing $3.50 to close at $520.30.
New crop November rose $1.80 to $506.40.
Canola had technical support and also momentum from rising soybeans that climbed thanks to new Chinese buying now that the lunar new year holiday is past.
But soy oil fell.
The loonie fell below $76 cents as crude oil fell and the American dollar gained on increased confidence in
American interest rate increases this year and on political uncertainty in Europe.
China crop buying also supported a small gain in corn futures
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Wheat also rose, with the biggest gains in Chicago but Minneapolis spring wheat edged only a fraction of cent higher.
While demand is good currently for U.S. crops, the trade is aware of the potential for business to start to shift to South America as more of the crop there is harvested. The harvest is ahead of last year at this time, so the big pickup in the volume of export shipping is also expected to happen earlier.
Light crude oil nearby futures in New York were down 84 cents to US$52.17 per barrel.
The Canadian dollar at noon was US75.95 cents, down from 76.24 cents the previous trading day. The U.S. dollar at noon was C$1.3167.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 41.86 points, or 0.27 percent, at 15,498.80.
The Dow Jones Industrial Average rose 37.6 points, or 0.19 percent, to 20,090.02, the S&P 500 gained 0.5 points, or 0.02 percent, to 2,293.06 and the Nasdaq Composite added 10.67 points, or 0.19 percent, to 5,674.22.
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 17 520.30 +3.50 +0.68%
Canola May 17 528.00 +3.60 +0.69%
Canola Jul 17 531.50 +3.90 +0.74%
Canola Nov 17 506.40 +1.80 +0.36%
Canola Jan 18 511.10 +1.50 +0.29%
Milling Wheat Mar 17 237.00 +1.00 +0.42%
Milling Wheat May 17 239.00 unch unch
Milling Wheat Jul 17 239.00 -1.00 -0.42%
Durum Wheat Mar 17 293.00 unch unch
Durum Wheat May 17 295.00 unch unch
Durum Wheat Jul 17 295.00 unch unch
Barley Mar 17 135.00 unch unch
Barley May 17 137.00 unch unch
Barley Jul 17 138.00 unch unc
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2017 1042.75 +6.75 +0.65%
Soybeans May 2017 1053.25 +7.00 +0.67%
Soybeans Jul 2017 1061.50 +6.50 +0.62%
Soybeans Aug 2017 1059.00 +6.25 +0.59%
Soybeans Sep 2017 1038.50 +4.25 +0.41%
Soybeans Nov 2017 1019.50 +2.50 +0.25%
Soybean Meal Mar 2017 335.90 +3.10 +0.93%
Soybean Meal May 2017 340.10 +3.60 +1.07%
Soybean Meal Jul 2017 342.80 +3.60 +1.06%
Soybean Oil Mar 2017 34.30 -0.14 -0.41%
Soybean Oil May 2017 34.60 -0.14 -0.40%
Soybean Oil Jul 2017 34.86 -0.13 -0.37%
Corn Mar 2017 368.50 +4.75 +1.31%
Corn May 2017 376.00 +4.75 +1.28%
Corn Jul 2017 383.25 +5.00 +1.32%
Corn Sep 2017 389.75 +4.75 +1.23%
Corn Dec 2017 396.25 +4.25 +1.08%
Oats Mar 2017 257.50 -3.75 -1.44%
Oats May 2017 250.75 -0.50 -0.20%
Oats Jul 2017 248.75 -1.25 -0.50%
Oats Sep 2017 241.00 +1.00 +0.42%
Oats Dec 2017 236.75 -0.25 -0.11%
Wheat Mar 2017 430.75 +8.25 +1.95%
Wheat May 2017 442.50 +7.00 +1.61%
Wheat Jul 2017 455.25 +6.50 +1.45%
Wheat Sep 2017 468.75 +5.00 +1.08%
Wheat Dec 2017 485.25 +4.25 +0.88%
Minneapolis
Spring Wheat Mar 2017 555.50 +0.25 +0.05%
Spring Wheat May 2017 555.25 +1.25 +0.23%
Spring Wheat Jul 2017 557.75 +1.25 +0.22%
Spring Wheat Sep 2017 560.75 +1.00 +0.18%
Spring Wheat Dec 2017 567.50 +0.75 +0.13%
Kansas City
Hard Red Wheat Mar 2017 439.50 +3.75 +0.86%
Hard Red Wheat May 2017 452.50 +3.75 +0.84%
Hard Red Wheat Jul 2017 464.00 +3.00 +0.65%
Hard Red Wheat Sep 2017 478.25 +2.50 +0.53%
Hard Red Wheat Dec 2017 500.00 +3.50 +0.70%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Feb 2017 117.68 +1.26 +1.08%
Live Cattle (P) Apr 2017 116.50 +0.88 +0.76%
Live Cattle (P) Jun 2017 106.58 +0.75 +0.71%
Feeder Cattle (P) Mar 2017 124.22 +0.69 +0.56%
Feeder Cattle (P) Apr 2017 124.62 +1.05 +0.85%
Feeder Cattle (P) May 2017 123.48 +0.93 +0.76%
Lean Hogs (P) Feb 2017 72.38 +1.03 +1.44%
Lean Hogs (P) Apr 2017 72.18 +0.96 +1.35%
Lean Hogs (P) May 2017 76.00 +0.90 +1.20%
