Investment funds continued to unwind their long positions in crop markets as favourable weather throughout most of North America is encouraging good crop growth.
Old crop canola closed at $473.20 down $6.80 or 1.42 percent.
New crop November fell $5.70 to $485.20 of 1.16 percent.
The loonie rose, adding downward pressure on canola.
Chicago soybeans and corn were both down more than one percent.
Storms tracking across the Midwest the last two days have delivered needed moisture and more rain is in the forecast.
Watch this week’s video crop market update
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The Saskatchewan government crop report said crops in the province were generally in great shape and were advancing ahead of the normal pace.
Wheat continued under pressure from the advancing U.S. winter wheat harvest. Kansas wheat futures fell to a 10-year low.
The large yields in winter wheat are hurting protein levels and spreads are increasing.
Britain is voting today on whether to leave the European Union. Some last minute opinion polls indicate that the stay side will win, and that helped support today’s gain in the loonie, but the vote is expected to be very tight.
Light crude oil nearby futures in New York were up 98 cents to US$50.11 per barrel.
The Canadian dollar at noon was US78.42 cents, up from 78.00 cents the previous trading day. The U.S. dollar at noon was C$1.2752.
Bay Street and Wall Street bet that Britain will stay in the EU.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 127.57 points, or 0.91 percent, at 14,131.38.
The Dow Jones industrial average rose 230.24 points, or 1.29 percent, to 18,011.07, the S&P 500 gained 27.87 points, or 1.34 percent, to 2,113.32 and the Nasdaq Composite added 76.72 points, or 1.59 percent, to 4,910.04.
Winnipeg ICE Futures Canada dollars per tonne
Canola Jul 2016 473.20 -6.80 -1.42%
Canola Nov 2016 485.20 -5.70 -1.16%
Canola Jan 2017 490.90 -6.40 -1.29%
Canola Mar 2017 495.70 -5.80 -1.16%
Canola May 2017 499.20 -5.30 -1.05%
Milling Wheat Jul 2016 228.00 unch 0.00%
Milling Wheat Oct 2016 225.00 unch 0.00%
Durum Wheat Jul 2016 300.00 unch 0.00%
Durum Wheat Oct 2016 296.00 unch 0.00%
Barley Jul 2016 171.50 unch 0.00%
Barley Oct 2016 171.50 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 2016 1124.50 -13.00 -1.14%
Soybeans Aug 2016 1123.50 -13.75 -1.21%
Soybeans Sep 2016 1109.00 -14.75 -1.31%
Soybeans Nov 2016 1101.50 -15.25 -1.37%
Soybeans Jan 2017 1099.00 -15.25 -1.37%
Soybeans Mar 2017 1067.25 -10.50 -0.97%
Soybean Meal Jul 2016 383.20 -7.80 -1.99%
Soybean Meal Aug 2016 384.00 -7.90 -2.02%
Soybean Meal Sep 2016 383.00 -8.80 -2.25%
Soybean Oil Jul 2016 31.75 +0.20 +0.63%
Soybean Oil Aug 2016 31.90 +0.21 +0.66%
Soybean Oil Sep 2016 32.04 +0.20 +0.63%
Corn Jul 2016 387.25 -5.75 -1.46%
Corn Sep 2016 392.50 -5.75 -1.44%
Corn Dec 2016 397.75 -6.25 -1.55%
Corn Mar 2017 405.25 -5.50 -1.34%
Corn May 2017 409.25 -5.00 -1.21%
Oats Jul 2016 207.25 +0.75 +0.36%
Oats Sep 2016 205.75 -5.00 -2.37%
Oats Dec 2016 210.00 -6.75 -3.11%
Oats Mar 2017 223.00 -6.00 -2.62%
Oats May 2017 223.00 -6.00 -2.62%
Wheat Jul 2016 454.25 -4.50 -0.98%
Wheat Sep 2016 465.75 -6.50 -1.38%
Wheat Dec 2016 486.25 -6.75 -1.37%
Wheat Mar 2017 504.75 -7.75 -1.51%
Minneapolis
Spring Wheat Jul 2016 521.50 -3.75 -0.71%
Spring Wheat Sep 2016 531.00 -3.75 -0.70%
Spring Wheat Dec 2016 545.50 -3.75 -0.68%
Spring Wheat Mar 2017 558.25 -4.00 -0.71%
Spring Wheat May 2017 566.00 -4.00 -0.70%
Kansas City
Hard Red Wheat Jul 2016 427.75 -5.25 -1.21%
Hard Red Wheat Sep 2016 445.50 -5.50 -1.22%
Hard Red Wheat Dec 2016 470.75 -5.75 -1.21%
Hard Red Wheat Mar 2017 487.50 -5.50 -1.12%
Hard Red Wheat May 2017 497.75 -6.00 -1.19%
Chicago livestock futures in US¢/pound
Live Cattle (P) Jun 2016 116.75 +1.40 +1.21%
Live Cattle (P) Aug 2016 113.85 +2.22 +1.99%
Live Cattle (P) Oct 2016 113.62 +1.90 +1.70%
Feeder Cattle (P) Aug 2016 142.38 +2.20 +1.57%
Feeder Cattle (P) Sep 2016 140.82 +2.02 +1.46%
Feeder Cattle (P) Oct 2016 139.15 +1.78 +1.30%
Lean Hogs (P) Jul 2016 84.28 -0.19 -0.22%
Lean Hogs (P) Aug 2016 85.45 -0.40 -0.47%
Lean Hogs (P) Oct 2016 72.20 -0.50 -0.69%
