Canola rose Monday, following soybean oil.
Soybeans lagged canola, having less oil value in its seed. Soybean meal rose too, but not by nearly as much as soybean oil.
European canola and Malaysian palm oil prices also rose.
U.S. soybean exports are speeding up, above last week levels and above those of a year before.
However, U.S. wheat exports are flaccid this autumn. The weekly USDA wheat export number pressured wheat futures lower, with Chicago wheat down almost three percent. Spring wheat faired better than the other two contracts, but still fell a few cents. Bad harvesting conditions in Canada helped preserve spring wheat values compared to the winter wheats.
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Canola’s rise was helped by the poor harvesting conditions on the Canadian Prairies, where many farmers still have crop in the field and are running out of days to get it. That which is there is likely seeing yields bleed slightly as pods shell out onto the soil.
Canola was also helped by a weaker loonie.
Canola crop size estimates are still unsure, since this harvest season has seen such a mix of weather and conditions.
The six dollar per tonne rise in November canola today took the contract to a four month high.
Corn fell between soybeans and wheat, falling a few cents.
Light crude oil nearby futures in New York were down 33 cents to US$50.52 per barrel.
The Canadian dollar at noon was US74.69 cents, down from 75.05 cents the previous trading day. The U.S. dollar at noon was C$1.3388.
The Toronto Stock Exchange composite fell 16.03 points or 0.11 percent to close at 14,923.01.
The Dow Jones industrial average rose 77.32 points, or 0.43 percent, to 18,223.03, the S&P 500 rose 10.17 points, or 0.47 percent, to 2,151.33 and the Nasdaq Composite climbed 52.43 points, or one percent, to 5,309.83.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2016 508.10 +6.00 +1.19%
Canola Jan 2017 514.10 +6.70 +1.32%
Canola Mar 2017 519.20 +7.60 +1.49%
Canola May 2017 520.90 +6.90 +1.34%
Canola Jul 2017 518.90 +5.50 +1.07%
Milling Wheat Dec 2016 236.00 +1.00 +0.43%
Milling Wheat Mar 2017 242.00 +2.00 +0.83%
Milling Wheat May 2017 246.00 +2.00 +0.82%
Durum Wheat Dec 2016 309.00 +5.00 +1.64%
Durum Wheat Mar 2017 318.00 +6.00 +1.92%
Durum Wheat May 2017 322.00 +7.00 +2.22%
Barley Dec 2016 132.50 unch 0.00%
Barley Mar 2017 134.50 unch 0.00%
Barley May 2017 135.50 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Nov 2016 992.00 +8.00 +0.81%
Soybeans Jan 2017 1002.25 +9.00 +0.91%
Soybeans May 2017 1015.50 +9.50 +0.94%
Soybeans Jul 2017 1020.50 +9.25 +0.91%
Soybeans Aug 2017 1018.25 +12.75 +1.27%
Soybean Meal Dec 2016 307.30 +0.10 +0.03%
Soybean Meal Jan 2017 308.80 +0.30 +0.10%
Soybean Meal Mar 2017 310.30 +0.40 +0.13%
Soybean Oil Dec 2016 35.99 +0.87 +2.48%
Soybean Oil Jan 2017 36.25 +0.87 +2.46%
Soybean Oil Mar 2017 36.45 +0.84 +2.36%
Corn Dec 2016 348.25 -4.00 -1.14%
Corn Mar 2017 358.00 -4.00 -1.10%
Corn May 2017 365.00 -3.75 -1.02%
Corn Jul 2017 371.25 -3.75 -1.00%
Corn Sep 2017 378.00 -2.75 -0.72%
Oats Dec 2016 213.25 -4.75 -2.18%
Oats Mar 2017 208.75 -0.25 -0.12%
Oats May 2017 208.50 +0.50 +0.24%
Oats Jul 2017 209.00 -1.50 -0.71%
Oats Sep 2017 218.00 -17.00 -7.23%
Wheat Dec 2016 402.50 -11.75 -2.84%
Wheat Mar 2017 424.50 -10.50 -2.41%
Wheat May 2017 441.00 -9.75 -2.16%
Wheat Jul 2017 453.25 -9.75 -2.11%
Wheat Sep 2017 467.75 -8.00 -1.68%
Minneapolis
Spring Wheat Dec 2016 524.75 -3.50 -0.66%
Spring Wheat Mar 2017 529.75 -3.00 -0.56%
Spring Wheat May 2017 536.00 -2.50 -0.46%
Spring Wheat Jul 2017 542.75 -1.75 -0.32%
Kansas City
Hard Red Wheat Dec 2016 412.50 -9.25 -2.19%
Hard Red Wheat Mar 2017 430.50 -9.00 -2.05%
Hard Red Wheat May 2017 442.75 -8.50 -1.88%
Hard Red Wheat Jul 2017 453.50 -8.00 -1.73%
Hard Red Wheat Sep 2017 467.00 -8.25 -1.74%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Oct 2016 103.12 +1.89 +1.87%
Live Cattle (P) Dec 2016 104.25 +2.30 +2.26%
Live Cattle (P) Feb 2017 104.62 +1.72 +1.67%
Feeder Cattle (P) Oct 2016 122.37 +1.17 +0.97%
Feeder Cattle (P) Nov 2016 122.52 +2.70 +2.25%
Feeder Cattle (P) Jan 2017 118.08 +2.40 +2.07%
Lean Hogs (P) Dec 2016 43.20 +1.12 +2.66%
Lean Hogs (P) Feb 2017 49.70 +0.78 +1.59%
Lean Hogs (P) Apr 2017 57.52 +0.62 +1.09%
