(Reuters) – ICE canola futures fell more than one percent on Wednesday on spillover weakness from allied U.S. soy futures along with long liquidation by speculators and lackluster export demand, traders said.
A firmer Canadian dollar added to bearish sentiment, making Canadian products less competitive on the global market.
January canola settled down $5.30 at $453.50 per tonne, while March futures ended down $5.20 at $462.80.
Spreading remained a feature as traders worked to roll January positions into deferred contracts ahead of the end-year holidays, when liquidity tends to erode. The January-March canola spread <RSF0-H0> traded 10,354 times between $9 and $9.40, premium March.
Chicago Board of Trade soybean futures fell as investors locked in profits after six straight days of gains. CBOT January soybeans settled down 7-3/4 U.S. cents at US$8.93-1/2 per bushel.
CBOT traders shrugged off news of fresh U.S. soybean sales to China as they awaited concrete signs of progress toward a phase-one U.S.-China trade deal.
Euronext February rapeseed futures fell 0.3% and Malaysian February palm oil futures fell 0.8%.
Light crude oil nearby futures in New York was down 0.48 cents $58.80 per barrel.
In the afternoon, the Canadian dollar was unchanged at US75.55. The U.S. dollar was C$1.3201.
|Name / Contract||High||Low||Last||Change||Settlement|
|Canola Jan 2020||459.90||453.20||453.90||-4.90||453.90|
|Canola Mar 2020||468.90||462.50||462.70||-5.30||462.70|
|Canola May 2020||476.70||470.40||470.70||-5.20||470.70|
|Canola Jul 2020||482.50||476.30||476.70||-5.10||476.70|
|Canola Nov 2020||485.20||480.30||481.10||-4.10||481.10|
|Soybean Jan 2020||902.00||892.00||893.50||-7.75||893.00|
|Soybean Mar 2020||916.00||906.25||908.00||-7.50||907.50|
|Soybean May 2020||929.25||920.00||921.75||-7.25||921.50|
|Soybean Jul 2020||942.25||933.25||935.00||-7.00||934.50|
|Soybean Aug 2020||946.50||938.00||939.50||-6.75||939.25|
|Soybean Sep 2020||943.25||936.50||937.75||-5.75||937.25|
|Soybean Meal Dec 2019||296.20||293.30||293.30||-3.60||294.60|
|Soybean Meal Jan 2020||298.30||294.30||295.00||-3.70||294.60|
|Soybean Meal Mar 2020||302.20||298.60||299.30||-3.10||298.80|
|Soybean Oil Dec 2019||31.31||31.20||31.23||-0.24||31.24|
|Soybean Oil Jan 2020||31.77||31.35||31.44||-0.24||31.45|
|Soybean Oil Mar 2020||32.03||31.62||31.71||-0.24||31.73|
|Corn Dec 2019||363.00||357.00||357.75||-5.50||358.50|
|Corn Mar 2020||377.00||371.00||371.25||-5.75||371.25|
|Corn May 2020||382.75||377.50||378.00||-4.75||378.00|
|Corn Jul 2020||387.75||383.50||383.75||-4.25||384.00|
|Corn Sep 2020||387.25||384.00||384.75||-2.75||385.00|
|Oats Dec 2019||318.00||315.00||315.25||-1.00||316.25|
|Oats Mar 2020||297.00||291.75||293.75||-1.00||293.75|
|Oats May 2020||293.25||289.25||290.00||-2.00||290.00|
|Oats Jul 2020||285.00||282.50||282.50||-3.25||285.75|
|Oats Sep 2020||275.75||275.75||275.75||-1.25||277.00|
|Wheat Dec 2019||534.50||528.00||530.75||-4.00||529.00|
|Wheat Mar 2020||523.50||516.75||519.25||-4.50||519.00|
|Wheat May 2020||527.00||520.25||522.75||-4.00||522.75|
|Wheat Jul 2020||529.75||523.25||526.00||-3.75||525.50|
|Wheat Sep 2020||536.00||530.00||532.75||-3.75||532.00|
|Spring Wheat Dec 2019||501.50||501.50||501.50||4.50||501.50|
|Spring Wheat Mar 2020||520.00||515.50||518.25||0.25||518.25|
|Spring Wheat May 2020||528.00||524.50||526.25||-0.25||526.25|
|Spring Wheat Jul 2020||537.25||533.00||535.50||-0.50||535.50|
|Spring Wheat Sep 2020||545.50||544.25||544.25||-1.00||544.25|
|Hard Red Wheat Dec 2019||416.00||415.50||415.50||-0.50||416.00|
|Hard Red Wheat Mar 2020||433.75||427.50||430.75||-0.50||431.00|
|Hard Red Wheat May 2020||440.50||435.25||437.75||-1.25||437.50|
|Hard Red Wheat Jul 2020||448.00||443.00||445.50||-1.50||445.25|
|Hard Red Wheat Sep 2020||456.50||451.75||454.50||-1.50||454.00|
|Live Cattle (Pit) Dec 2019||120.58||120.58||120.58||0.70||120.58|
|Live Cattle (Pit) Feb 2020||125.33||125.33||125.33||0.75||125.33|
|Live Cattle (Pit) Apr 2020||125.88||125.88||125.88||0.83||125.88|
|Feeder Cattle (Pit) Jan 2020||142.78||142.78||142.78||1.13||142.78|
|Feeder Cattle (Pit) Mar 2020||143.68||143.68||143.68||1.15||143.68|
|Feeder Cattle (Pit) Apr 2020||145.48||145.48||145.48||1.00||145.48|
|Lean Hogs (Pit) Dec 2019||60.70||60.70||60.70||0.23||60.70|
|Lean Hogs (Pit) Feb 2020||67.73||67.73||67.73||-0.25||67.73|
|Lean Hogs (Pit) Apr 2020||74.25||74.25||74.25||0.05||74.25|