Canola futures up for third straight session

WINNIPEG, Manitoba, (Reuters) – ICE canola futures rose on Monday for a third straight session, boosted by gains in soyoil and palm oil.

* Canola is also helped by Friday’s Statistics Canada report that estimated a much smaller Canadian canola harvest than expected, although diminished Chinese buying amid a diplomatic dispute limits demand, a trader said.

* Statistics Canada pegged the Canadian canola harvest at 18.6 million tonnes, 1 million tonnes short of the average trade expectation.

* January canola added 70 cents to $459.10 per tonne.

* January-March canola spread traded 9,061 times.

* U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers resumed buying.

* Euronext February rapeseed futures and Malaysian February palm oil futures gained.

* Consultancy Strategie Grains forecast that rapeseed production in the European Union would reach 18.46 million tonnes next year, rebounding from a 13-year low of 16.85 million this year.

OUTSIDE MARKETS

Light crude oil nearby futures in New York was down $0.19 at US$58.91 per barrel.

In the afternoon, the Canadian dollar was US75.56. The U.S. dollar was C$1.3235.

 

Name / Contract High Low Last Change Settlement
Canola Jan 2020 461.00 458.00 459.00 0.60 459.00
Canola Mar 2020 470.20 467.00 467.90 0.90 467.90
Canola May 2020 477.80 474.30 475.80 1.40 475.80
Canola Jul 2020 483.60 480.90 481.70 1.70 481.70
Canola Nov 2020 486.80 483.50 485.00 2.40 485.00
Soybean Jan 2020 903.50 889.75 897.25 7.75 898.25
Soybean Mar 2020 917.75 904.50 911.75 8.00 912.50
Soybean May 2020 931.25 919.00 925.50 7.25 926.50
Soybean Jul 2020 944.25 932.25 938.75 7.25 939.50
Soybean Aug 2020 948.00 936.75 943.00 7.25 943.75
Soybean Sep 2020 944.00 934.25 941.00 7.00 942.00
Soybean Meal Dec 2019 299.00 296.40 296.70 -0.70 296.90
Soybean Meal Jan 2020 301.60 298.10 298.50 -0.80 298.80
Soybean Meal Mar 2020 305.20 301.80 302.20 -0.30 302.40
Soybean Oil Dec 2019 31.54 31.21 31.36 0.35 31.54
Soybean Oil Jan 2020 31.82 31.17 31.59 0.37 31.69
Soybean Oil Mar 2020 32.09 31.45 31.86 0.36 31.96
Corn Dec 2019 368.00 365.00 365.75 -0.75 366.00
Corn Mar 2020 378.25 375.25 375.75 -1.00 375.75
Corn May 2020 383.75 381.00 381.25 -1.25 381.50
Corn Jul 2020 387.75 385.25 386.00 -0.75 386.25
Corn Sep 2020 387.25 385.00 385.75 -1.00 385.75
Oats Dec 2019 318.00 315.00 316.75 3.00 318.00
Oats Mar 2020 299.25 290.75 295.25 3.00 294.00
Oats May 2020 292.25 289.25 292.00 2.75 292.00
Oats Jul 2020 285.00 283.75 283.75 -0.75 283.75
Oats Sep 2020 274.00 274.00 274.00 -2.25 276.25
Wheat Dec 2019 533.25 531.00 532.00 -0.50 532.00
Wheat Mar 2020 526.00 520.25 522.75 -1.75 522.50
Wheat May 2020 529.00 523.75 526.00 -1.75 525.25
Wheat Jul 2020 531.25 526.50 528.75 -1.25 527.50
Wheat Sep 2020 537.50 533.00 535.50 -0.75 534.25
Spring Wheat Dec 2019 502.25 497.00 497.00 -1.00 497.00
Spring Wheat Mar 2020 517.00 512.00 514.00 2.00 514.00
Spring Wheat May 2020 525.50 521.00 522.75 1.75 522.75
Spring Wheat Jul 2020 534.00 531.25 531.50 1.25 531.50
Spring Wheat Sep 2020 543.75 541.25 542.25 2.75 542.25
Hard Red Wheat Dec 2019 415.50 411.50 411.50 -3.50 415.50
Hard Red Wheat Mar 2020 431.75 425.00 426.00 -5.00 426.00
Hard Red Wheat May 2020 439.75 433.25 434.00 -5.50 434.00
Hard Red Wheat Jul 2020 448.00 441.75 442.50 -5.00 442.50
Hard Red Wheat Sep 2020 456.50 451.25 452.00 -4.50 452.00
Live Cattle (Pit) Dec 2019 120.18 120.18 120.18 -0.03 120.18
Live Cattle (Pit) Feb 2020 124.75 124.75 124.75 -0.22 124.75
Live Cattle (Pit) Apr 2020 125.40 125.40 125.40 0.05 125.40
Feeder Cattle (Pit) Jan 2020 141.53 141.53 141.53 -0.03 141.53
Feeder Cattle (Pit) Mar 2020 142.28 142.28 142.28 0.60 142.28
Feeder Cattle (Pit) Apr 2020 144.15 144.15 144.15 0.38 144.15
Lean Hogs (Pit) Dec 2019 60.00 60.00 60.00 -1.13 60.00
Lean Hogs (Pit) Feb 2020 66.70 66.70 66.70 -0.85 66.70
Lean Hogs (Pit) Apr 2020 72.98 72.98 72.98 -0.73 72.98

About the author

Markets at a glance

explore

Stories from our other publications