Canola drops to nearly three-month low

WINNIPEG, Man., (Reuters) – ICE canola futures tumbled on Friday to a nearly three-month low, reflecting a continued plunge of its fellow oilseeds, soyoil and palm.

Fears that the spread of coronavirus could lead to a global slowdown have weakened commodities.

March canola lost $5.90 to $450.50 per tonne. The contract fell as low as $450.10, the lowest nearby price since Nov. 1.

March-May canola spread traded 5,980 times.

U.S. soybean futures fell for their ninth straight loss, as concerns persisted about the coronavirus cutting into Chinese demand. Euronext May rapeseed futures and Malaysian April palm oil futures slipped.

Statistics Canada is schedule to report next Wednesday on Canadian crop stocks as of Dec. 31, 2019.

OUTSIDE MARKETS

Light crude oil nearby futures in New York was down .58 cents at US$51.53 per barrel.

In the afternoon, the Canadian dollar was trading around US75.57 cents, down from 75.66 cents the previous trading day. The U.S. dollar was C$1.3233.

Winnipeg ICE Futures Canada dollars per tonne.

Name / Contract High Low Last Change Settlement
Canola Mar 2020 459.60 450.10 450.30 -6.10 450.30
Canola May 2020 469.00 459.50 459.60 -6.10 459.60
Canola Jul 2020 475.70 466.30 466.40 -6.00 466.40
Canola Nov 2020 484.10 474.40 474.50 -6.10 474.50
Canola Jan 2021 489.90 480.50 481.40 -5.00 481.40
Soybean Mar 2020 882.75 872.25 872.50 -3.75 872.75
Soybean May 2020 896.75 886.50 886.75 -3.75 886.75
Soybean Jul 2020 911.25 900.25 900.50 -3.75 900.25
Soybean Aug 2020 915.50 905.50 905.50 -3.75 905.75
Soybean Sep 2020 916.50 906.50 906.50 -4.25 906.75
Soybean Nov 2020 921.75 911.75 912.25 -3.75 912.25
Soybean Meal Mar 2020 293.50 290.40 291.00 -0.50 291.00
Soybean Meal May 2020 298.50 295.70 296.30 -0.20 296.30
Soybean Meal Jul 2020 303.20 300.90 301.40 unch 301.30
Soybean Oil Mar 2020 30.96 29.88 29.94 -0.69 29.93
Soybean Oil May 2020 31.33 30.25 30.30 -0.70 30.29
Soybean Oil Jul 2020 31.69 30.63 30.69 -0.67 30.66
Corn Mar 2020 382.75 378.75 381.25 1.75 381.50
Corn May 2020 388.00 384.00 386.50 1.75 387.00
Corn Jul 2020 392.75 388.75 391.00 1.50 391.25
Corn Sep 2020 390.25 386.25 387.75 0.50 387.75
Corn Dec 2020 393.00 389.50 390.75 0.25 391.25
Oats Mar 2020 307.75 302.25 303.75 -1.75 303.75
Oats May 2020 301.00 296.25 298.25 -1.75 298.75
Oats Jul 2020 288.50 285.50 288.50 0.25 287.00
Oats Sep 2020 271.75 269.50 271.75 0.50 269.50
Oats Dec 2020 270.50 269.50 270.50 unch 269.50
Wheat Mar 2020 566.00 552.75 553.75 -6.75 553.50
Wheat May 2020 563.75 551.75 552.50 -6.00 552.25
Wheat Jul 2020 562.00 551.25 552.50 -4.50 552.25
Wheat Sep 2020 567.75 557.75 559.00 -4.00 558.50
Wheat Dec 2020 576.50 566.75 568.00 -4.00 567.50
Spring Wheat Mar 2020 541.50 532.50 533.50 -3.00 533.50
Spring Wheat May 2020 550.00 542.00 543.00 -3.00 543.00
Spring Wheat Jul 2020 559.00 551.00 551.00 -4.00 551.00
Spring Wheat Sep 2020 565.75 560.00 560.50 -3.75 560.50
Spring Wheat Dec 2020 577.50 571.50 572.75 -3.00 572.75
Hard Red Wheat Mar 2020 473.75 463.50 465.50 -5.50 466.00
Hard Red Wheat May 2020 481.25 470.75 472.50 -6.00 473.00
Hard Red Wheat Jul 2020 488.75 478.25 480.00 -6.00 480.50
Hard Red Wheat Sep 2020 497.00 486.75 488.75 -5.75 489.00
Hard Red Wheat Dec 2020 507.75 498.00 500.25 -5.25 500.50
Live Cattle (Pit) Feb 2020 121.38 121.38 121.38 -0.40 121.38
Live Cattle (Pit) Apr 2020 119.68 119.68 119.68 -0.53 119.68
Live Cattle (Pit) Jun 2020 111.58 111.58 111.58 -0.45 111.58
Feeder Cattle (Pit) Mar 2020 136.08 136.08 136.08 0.42 136.08
Feeder Cattle (Pit) Apr 2020 137.53 137.53 137.53 0.40 137.53
Feeder Cattle (Pit) May 2020 139.70 139.70 139.70 0.42 139.70
Lean Hogs (Pit) Feb 2020 57.13 57.13 57.13 -4.18 57.13
Lean Hogs (Pit) Apr 2020 61.60 61.60 61.60 -4.23 61.60
Lean Hogs (Pit) May 2020 70.03 70.03 70.03 -2.30 70.03

About the author

Markets at a glance

explore

Stories from our other publications