Canola falls with soybeans

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Reading Time: 2 minutes

Published: January 30, 2017

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Canola fell Monday as soybeans, soybean meal and soybean oil all fell.

That reflected weakness almost everywhere, as all crop futures fell and most commodities weakened.

It was also a poor day in the equity markets, with stocks selling off on a risk-off day.

Spring wheat fell alongside the winter wheat contracts.

Only metals rose among the commodity futures.

Gold rose slightly, as expected on a day in which investors seemed to want to reduce the risk of their positions.

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Photo: JHVEPhoto/Getty Images Plus

U.S. grains: Soy drops on demand worries, corn firm as traders question lofty yield projections

U.S. soybean futures fell to a 1-1/2 week low on Tuesday as China continued to shun purchases from the United States and as forecasts for improved rains in the coming days reinforced expectations for a sizeable Midwest harvest.

Light crude oil nearby futures in New York were down 54 cents to US$52.63 per barrel.

The Canadian dollar at noon was US76.38 cents, up from 76.29 cents the previous trading day. The U.S. dollar at noon was C$1.3093.

Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 2017   510.90   -7.00   -1.35%
Canola May 2017   517.70   -6.70   -1.28%
Canola Jul 2017   521.10   -6.50   -1.23%
Canola Nov 2017   499.00   -6.10   -1.21%
Canola Jan 2018   503.10   -6.30   -1.24%

Milling Wheat Mar 2017   232.00   -2.00   -0.85%
Milling Wheat May 2017   236.00   -3.00   -1.26%

Milling Wheat Jul 2017   238.00   -2.00   -0.83%

Durum Wheat Mar 2017   298.00   -4.00   -1.32%
Durum Wheat May 2017   301.00   -4.00   -1.31%
Durum Wheat Jul 2017   307.00   -7.00   -2.23%

Barley Mar 2017   135.00   -4.00   -2.88%
Barley May 2017   137.00   -4.00   -2.84%
Barley Jul 2017   138.00   -4.00   -2.82%

American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound

Chicago
Soybeans Mar 2017   1022.75   -26.50   -2.53%
Soybeans May 2017   1032.75   -26.00   -2.46%
Soybeans Jul 2017   1040.50   -25.25   -2.37%
Soybeans Aug 2017   1038.50   -24.75   -2.33%

Soybeans Sep 2017   1020.50   -23.75   -2.27%
Soybeans Nov 2017   1004.00   -21.75   -2.12%

Soybean Meal Mar 2017   334.40   -8.40   -2.45%
Soybean Meal May 2017   337.50   -8.30   -2.40%
Soybean Meal Jul 2017   339.50   -8.50   -2.44%

Soybean Oil Mar 2017   33.61   -0.73   -2.13%
Soybean Oil May 2017   33.90   -0.70   -2.02%
Soybean Oil Jul 2017   34.16   -0.68   -1.95%

Corn Mar 2017   357.75   -5.25   -1.45%
Corn May 2017   365.00   -5.25   -1.42%
Corn Jul 2017   372.00   -4.75   -1.26%
Corn Sep 2017   378.75   -4.25   -1.11%

Corn Dec 2017   385.50   -4.25   -1.09%

Oats Mar 2017   243.75   -9.50   -3.75%
Oats May 2017   238.25   -7.75   -3.15%
Oats Jul 2017   235.75   -4.25   -1.77%
Oats Sep 2017   233.25   -6.00   -2.51%
Oats Dec 2017   226.50   -3.50   -1.52%

Wheat Mar 2017   414.00   -6.50   -1.55%
Wheat May 2017   428.25   -6.50   -1.50%
Wheat Jul 2017   442.50   -7.00   -1.56%
Wheat Sep 2017   458.25   -6.00   -1.29%
Wheat Dec 2017   476.75   -5.25   -1.09%

Minneapolis
Spring Wheat Mar 2017   551.25   -8.25   -1.47%
Spring Wheat May 2017   549.50   -6.50   -1.17%

Spring Wheat Jul 2017   552.50   -3.50   -0.63%
Spring Wheat Sep 2017   555.00   -2.25   -0.40%
Spring Wheat Dec 2017   561.00   -1.50   -0.27%

Kansas City
Hard Red Wheat Mar 2017   425.75   -9.25   -2.13%
Hard Red Wheat May 2017   438.25   -8.75   -1.96%
Hard Red Wheat Jul 2017   450.25   -8.75   -1.91%
Hard Red Wheat Sep 2017   464.75   -8.75   -1.85%
Hard Red Wheat Dec 2017   485.25   -8.75   -1.77%

Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Feb 2017   116.18   -1.87   -1.58%

Live Cattle (P) Apr 2017   114.82   -2.18   -1.86%
Live Cattle (P) Jun 2017   104.55   -2.07   -1.94%

Feeder Cattle (P) Mar 2017   123.90   -3.28   -2.58%
Feeder Cattle (P) Apr 2017   123.55   -2.97   -2.35%
Feeder Cattle (P) May 2017   122.15   -2.70   -2.16%

Lean Hogs (P) Feb 2017   67.10   +0.30   +0.45%
Lean Hogs (P) Apr 2017   68.22   -0.16   -0.23%
Lean Hogs (P) May 2017   72.98   +0.16   +0.22%

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Ed White

Ed White

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