The Canadian dollar continued higher today, further softening canola trades, with that crop being down between $3.70 and $3.30 per tonne on the day. It finished for January at $478.40 today on ICE. Elevator prices for cash canola ranged from $458 to $462.
Wheat fared better, up slightly for hard red spring, finding prices of about $248 to $250 in southeastern Saskatchewan and in southern Manitoba. In southern Alberta it was paying $269, $265 in the north and $258 in the Peace. Northwestern Saskatchewan saw prices in the high $250s. Those prices were established on the Alberta Wheat Commission’s PDQ system.
Durum remained under pressure today, bringing $229 in southeastern Saskatchewan and $234 in western Manitoba, while southern Alberta was bidding about $226. Supplies of high quality durum are tighter than expected, say some buyers, or producers are refraining from delivery under the current market.
Soybeans were up about one percent on American markets on speculation that the United States administration is quietly working toward improving relations with China. As well, continued dry conditions in Brazil might limit yields for that crop. Aprosoja Brasil, a farm association in Brazil, cut its expectations for the 2018-19 soybean crop by about 147 million bu. this week. It feels production could be as low as 4.042 billion bu., down as much as 10 percent from some earlier estimates.
Corn too saw improved prices, rising US3.25 cents per bushel on the March contract in Chicago. Minneapolis wheat was up a nickel to finish at US$5.70 per bu. Winter wheat on Chicago was up 3.25 cents, reaching $5.17. China remains a seller of its wheat reserves, and that may be contributing to wheat price optimism in the market.
The USDA has announced it will not deliver several of its key agricultural reports until after the government resumes being funded. This includes the World Agricultural Supply and Demand Estimates.
| Name / Contract | High | Low | Last | Change | Settlement |
| Canola Jan 2019 (updated 1:19PM(CST) on 1/4/2019) | 482.10 | 482.10 | 478.40 | -3.70 | 478.40 |
| Canola Mar 2019 (updated 1:19PM(CST) on 1/4/2019) | 490.10 | 485.20 | 485.40 | -3.70 | 485.40 |
| Canola May 2019 (updated 1:16PM(CST) on 1/4/2019) | 497.90 | 493.50 | 493.90 | -3.10 | 493.90 |
| Canola Jul 2019 (updated 1:16PM(CST) on 1/4/2019) | 504.80 | 500.30 | 500.60 | -3.40 | 500.60 |
| Canola Nov 2019 (updated 1:16PM(CST) on 1/4/2019) | 502.50 | 497.30 | 497.80 | -3.50 | 497.80 |
| Soybeans Jan 2019 | 910.00 | 898.25 | 909.50 | 9.25 | 909.50 |
| Soybeans Mar 2019 | 922.50 | 910.00 | 922.25 | 9.50 | 922.25 |
| Soybeans May 2019 | 935.25 | 923.00 | 935.25 | 9.75 | 935.25 |
| Soybeans Jul 2019 | 946.75 | 934.25 | 946.75 | 9.50 | 946.75 |
| Soybeans Aug 2019 | 950.75 | 940.00 | 950.50 | 8.75 | 950.50 |
| Soybeans Sep 2019 | 951.75 | 941.50 | 951.75 | 8.75 | 951.75 |
| Soybean Meal Jan 2019 | 316.10 | 312.00 | 315.80 | 3.10 | 315.80 |
| Soybean Meal Mar 2019 | 320.30 | 315.60 | 319.70 | 3.00 | 319.70 |
| Soybean Meal May 2019 | 323.40 | 319.00 | 323.00 | 3.00 | 323.00 |
| Soybean Oil Jan 2019 | 28.45 | 28.22 | 28.35 | 0.17 | 28.35 |
| Soybean Oil Mar 2019 | 28.70 | 28.39 | 28.64 | 0.21 | 28.64 |
| Soybean Oil May 2019 | 28.95 | 28.64 | 28.87 | 0.18 | 28.87 |
| Corn Mar 2019 | 383.50 | 379.75 | 382.75 | 3.00 | 382.75 |
| Corn May 2019 | 391.25 | 387.50 | 390.50 | 3.00 | 390.50 |
| Corn Jul 2019 | 398.50 | 394.50 | 397.75 | 3.00 | 397.75 |
| Corn Sep 2019 | 400.00 | 396.50 | 399.75 | 2.75 | 399.75 |
| Corn Dec 2019 | 404.25 | 400.25 | 403.50 | 2.50 | 403.50 |
| Oats Mar 2019 | 280.25 | 277.50 | 279.75 | 1.25 | 279.75 |
| Oats May 2019 | 280.75 | 278.50 | 280.25 | 0.75 | 280.25 |
| Oats Jul 2019 | 281.50 | 281.50 | 281.50 | -0.25 | 281.50 |
| Oats Sep 2019 | 272.00 | 272.00 | 272.00 | -0.50 | 272.00 |
| Oats Dec 2019 | 270.50 | 261.50 | 263.25 | -7.00 | 263.25 |
| Wheat Mar 2019 | 518.75 | 513.00 | 516.00 | 2.25 | 516.00 |
| Wheat May 2019 | 524.25 | 519.25 | 521.75 | 1.75 | 521.75 |
| Wheat Jul 2019 | 531.25 | 526.75 | 528.75 | 1.75 | 528.75 |
| Wheat Sep 2019 | 540.75 | 537.00 | 538.50 | 1.50 | 538.50 |
| Wheat Dec 2019 | 555.00 | 551.00 | 552.50 | 0.75 | 552.50 |
| Spring Wheat Mar 2019 | 573.00 | 565.25 | 569.50 | 4.25 | 569.50 |
| Spring Wheat May 2019 | 578.00 | 572.25 | 574.75 | 4.25 | 574.75 |
| Spring Wheat Jul 2019 | 584.25 | 578.25 | 581.25 | 4.00 | 581.25 |
| Spring Wheat Sep 2019 | 591.50 | 586.50 | 588.75 | 4.00 | 588.75 |
| Spring Wheat Dec 2019 | 605.00 | 600.00 | 601.75 | 3.00 | 601.75 |
| Hard Red Wheat Mar 2019 | 508.75 | 503.50 | 505.00 | 1.50 | 505.00 |
| Hard Red Wheat May 2019 | 519.75 | 515.00 | 516.25 | 1.50 | 516.25 |
| Hard Red Wheat Jul 2019 | 530.25 | 525.50 | 526.75 | 1.25 | 526.75 |
| Hard Red Wheat Sep 2019 | 541.75 | 537.75 | 538.50 | 0.75 | 538.50 |
| Hard Red Wheat Dec 2019 | 558.50 | 554.50 | 555.25 | 0.50 | 555.25 |
| Live Cattle (Pit) Feb 2019 | 121.93 | 121.93 | 121.93 | -1.30 | 121.93 |
| Live Cattle (Pit) Apr 2019 | 124.00 | 124.00 | 124.00 | -1.40 | 124.00 |
| Live Cattle (Pit) Jun 2019 | 115.55 | 115.55 | 115.55 | -1.23 | 115.55 |
| Feeder Cattle (Pit) Jan 2019 | 144.90 | 144.90 | 144.90 | -1.63 | 146.53 |
| Feeder Cattle (Pit) Mar 2019 | 142.83 | 142.83 | 142.83 | -1.63 | 144.45 |
| Feeder Cattle (Pit) Apr 2019 | 143.65 | 143.65 | 143.65 | -1.58 | 145.23 |
| Lean Hogs (Pit) Feb 2019 | 61.95 | 61.95 | 61.95 | -0.20 | 61.95 |
| Lean Hogs (Pit) Apr 2019 | 66.75 | 66.75 | 66.75 | -0.68 | 66.75 |
| Lean Hogs (Pit) May 2019 | 73.45 | 73.45 | 73.45 | -0.58 | 73.45 |
| Canadian Dollar Jan 2019 | 0.7469 | 0.7433 | 0.7465 | 0.0043 | 0.7465 |
| Crude Oil WTI Feb 2019 | 49.22 | 46.65 | 48.09 | 1.00 | 48.09
|
Prices updated at 1:20PM(CST) on 1/4/2019
Comments