Canola’s relentless, month-long rally continued Monday with the crop’s futures rising another $2.60 per bushel for the July contract.
That takes the contract to a two-month high.
The futures value was helped by weakness in the Canadian dollar, although most of the continuing rally has occurred while the dollar has also been rising.
There is good carry in the May-July spread with May at $481.60 and July at $487.60.
Soybeans fell Monday, but palm oil and European canola rose.
The Brazilian soybean crop continues to come in with about 76 percent now harvested.
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Wheat contracts were slightly off to unchanged.
Stock markets fell a bit.
Light crude oil nearby futures in New York were down $1.09 to US$35.70 per barrel.
The Canadian dollar at noon was US76.71 cents, up from 76.65 cents the previous trading day. The U.S. dollar at noon was C$1.3036.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2016 481.60 +2.50 +0.52%
Canola Jul 2016 487.60 +2.60 +0.54%
Canola Nov 2016 486.20 +2.00 +0.41%
Canola Jan 2017 489.40 +2.60 +0.53%
Canola Mar 2017 490.50 +2.70 +0.55%
Milling Wheat May 2016 241.00 +1.00 +0.42%
Milling Wheat Jul 2016 241.00 +1.00 +0.42%
Milling Wheat Oct 2016 238.00 unch 0.00%
Durum Wheat May 2016 298.00 +3.00 +1.02%
Durum Wheat Jul 2016 292.00 +6.00 +2.10%
Durum Wheat Oct 2016 279.00 unch 0.00%
Barley May 2016 172.00 unch 0.00%
Barley Jul 2016 174.00 unch 0.00%
Barley Oct 2016 174.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Jul 2016 921.5 -4.5 -0.49%
Soybeans Aug 2016 924.25 -4.25 -0.46%
Soybeans Sep 2016 924.5 -4 -0.43%
Soybeans Nov 2016 928.5 -3.75 -0.40%
Soybeans Jan 2017 933 -3.5 -0.37%
Soybean Meal May 2016 268.2 -4.1 -1.51%
Soybean Meal Jul 2016 271.1 -4 -1.45%
Soybean Meal Aug 2016 272.6 -3.7 -1.34%
Soybean Oil May 2016 34.69 +0.24 +0.70%
Soybean Oil Jul 2016 34.93 +0.26 +0.75%
Soybean Oil Aug 2016 35.03 +0.25 +0.72%
Corn May 2016 354.5 +0.5 +0.14%
Corn Jul 2016 357.75 unch 0.00%
Corn Sep 2016 361.75 unch 0.00%
Corn Dec 2016 369 -0.75 -0.20%
Corn Mar 2017 379 -0.5 -0.13%
Oats May 2016 187 +2 +1.08%
Oats Jul 2016 196.25 +1.25 +0.64%
Oats Sep 2016 205.75 +2 +0.98%
Oats Dec 2016 215 +2.5 +1.18%
Oats Mar 2017 219.5 +2.25 +1.04%
Wheat May 2016 474.75 -1 -0.21%
Wheat Jul 2016 481.25 -1.75 -0.36%
Wheat Sep 2016 490.75 -1.75 -0.36%
Wheat Dec 2016 504.75 -2 -0.39%
Wheat Mar 2017 518.5 -1.5 -0.29%
Minneapolis
Spring Wheat May 2016 529.25 +0.25 +0.05%
Spring Wheat Jul 2016 538 unch 0.00%
Spring Wheat Sep 2016 547 unch 0.00%
Spring Wheat Dec 2016 559 -0.25 -0.04%
Kansas City
Hard Red Wheat May 2016 475.25 -2.5 -0.52%
Hard Red Wheat Jul 2016 486.5 -2 -0.41%
Hard Red Wheat Sep 2016 500.75 -1.75 -0.35%
Hard Red Wheat Dec 2016 521.5 -1.5 -0.29%
Hard Red Wheat Mar 2017 534 -1.75 -0.33%
