Canola futures closed slightly higher Monday, supported by soy oil and soybeans and a lack of farmer selling.
A stronger loonie limited gains.
U.S. crop condition ratings slipped this week due to excess rain, but remain better than average for this time of year.
The USDA said the percentage of corn rated good-to-excellent fell to 74 percent from 76 percent the week before. Last year it was 65 percent.
Soybean good to excellent fell to 72 percent from 73 the week before. Last year it was 65 percent.
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Spring wheat good to excellent fell to 71 percent from 72 percent. Last year it was 70 percent.
Vegetable oils were supported by a monthly economic report from China showing better than expected manufacturing activity.
Palm oil rose on investors’ hopes that strong crude oil prices will increase demand for biodiesel.
Wheat contracts closed lower on the expanding Northern Hemisphere winter wheat harvest and on stiff competition from low cost Black Sea wheat.
Corn futures fell about two percent Monday on expectations of a big American crop. Although recent heavy rain and storms likely reduced the crop’s condition this week, longer term the moisture is expected to be beneficial.
Winnipeg ICE Futures Canada dollars per tonne
Canola Jul 2014 477.40 +3.20 +0.67%
Canola Nov 2014 464.40 +3.00 +0.65%
Canola Jan 2015 467.80 +2.70 +0.58%
Canola Mar 2015 468.60 +2.40 +0.51%
Canola May 2015 469.10 +1.80 +0.39%
Milling Wheat Jul 2014 199.00 -4.00 -1.97%
Milling Wheat Oct 2014 200.00 -3.00 -1.48%
Milling Wheat Dec 2014 204.00 -3.00 -1.45%
Durum Wheat Jul 2014 239.00 unch 0.00%
Durum Wheat Oct 2014 230.00 unch 0.00%
Durum Wheat Dec 2014 232.00 unch 0.00%
Barley Jul 2014 125.00 unch 0.00%
Barley Oct 2014 132.50 unch 0.00%
Barley Dec 2014 134.50 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 2014 1424.75 +9 +0.64%
Soybeans Aug 2014 1365.5 +4 +0.29%
Soybeans Sep 2014 1267.5 +4 +0.32%
Soybeans Nov 2014 1233.75 +2.25 +0.18%
Soybeans Jan 2015 1240.5 +2.25 +0.18%
Soybeans Mar 2015 1246 +1.75 +0.14%
Soybean Meal Jul 2014 455.8 -3.4 -0.74%
Soybean Meal Aug 2014 437.6 -2.1 -0.48%
Soybean Meal Sep 2014 413.3 -2.4 -0.58%
Soybean Oil Jul 2014 40.68 +0.55 +1.37%
Soybean Oil Aug 2014 40.78 +0.55 +1.37%
Soybean Oil Sep 2014 40.77 +0.55 +1.37%
Corn Jul 2014 444.5 -8.75 -1.93%
Corn Sep 2014 439 -9.25 -2.06%
Corn Dec 2014 442.5 -9.5 -2.10%
Corn Mar 2015 452.75 -9.5 -2.06%
Corn May 2015 460 -9 -1.92%
Oats Jul 2014 336.75 -3.25 -0.96%
Oats Sep 2014 337 -3 -0.88%
Oats Dec 2014 333 +1 +0.30%
Oats Mar 2015 328.75 +0.75 +0.23%
Oats May 2015 322.25 +0.75 +0.23%
Wheat Jul 2014 579.75 -5.5 -0.94%
Wheat Sep 2014 589 -4.25 -0.72%
Wheat Dec 2014 612.25 -3.5 -0.57%
Wheat Mar 2015 634.5 unch 0.00%
Wheat May 2015 647.25 +1.5 +0.23%
Minneapolis
Spring Wheat Jul 2014 685.25 -5.25 -0.76%
Spring Wheat Sep 2014 691 -3.75 -0.54%
Spring Wheat Dec 2014 702.5 -2.25 -0.32%
Spring Wheat Mar 2015 711.5 -2.25 -0.32%
Spring Wheat May 2015 716 -3.25 -0.45%
Kansas City
KC HRW Wheat Jul 2014 714 -6.75 -0.94%
KC HRW Wheat Sep 2014 712.75 -5 -0.70%
KC HRW Wheat Dec 2014 720.25 -2.75 -0.38%
KC HRW Wheat Mar 2015 723.5 -2 -0.28%
KC HRW Wheat May 2015 721 -2 -0.28%
Light crude oil nearby futures in New York dropped 66 cents at $106.17 US per barrel.
The Canadian dollar at noon was 93.19 cents US, up from 92.89 cents the previous trading day. The U.S. dollar at noon was $1.0731 Cdn.
In early, unofficial tallies —
The Toronto Stock Exchange’s S&P/TSX composite index closed down 3.34 points, or 0.02 percent, at 15,105.63.
The Dow Jones industrial average fell 10.27 points or 0.06 percent, to 16,936.81.
The S&P 500 lost 0.32 points or 0.02 percent, to 1,962.55.
The Nasdaq Composite added 0.64 points or 0.01 percent, to 4,368.68.
