Soy oil strength and a weak Canadian dollar helped lift canola futures on Wednesday.
Funds bought canola and that too supported the oilseed.
Soybeans bounced back a little after losses earlier this week but corn and wheat continued to fall.
News of additional soybean exports helped lift soybeans late in the trading day to close higher after being lower early in the day.
The Rosario grain exchange in Argentina trimmed its forecast for that country’s corn production by 500,000 tonnes to 54.5 million tonnes.
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But that didn’t stop corn from falling on ideas that although the USDA on Monday trimmed its forecast of U.S. year-end corn stocks the supply is still burdensome.
Wheat also fell on ideas that there is more than ample supply of the grain.
Also the World Bank today lowered its forecast for global growth.
The bank predicted the global economy would grow three percent this year, below a forecast of 3.4 percent made in June, Reuters reported.
World GDP growth will reach 3.3 percent in 2016, as opposed to a June forecast of 3.5 percent, before dipping to 3.2 percent in 2017, it said.
The Toronto Stock Exchange composite index fell 102.73 points of 0.72 percent to 14,084.43.
The Dow Jones industrial average fell 187.84 points, or 1.07 percent, to 17,425.84, the S&P 500 lost 11.88 points, or 0.59 percent, to 2,011.15 and the Nasdaq Composite dropped 22.18 points, or 0.48 percent, to 4,639.32.
Light crude oil nearby futures in New York rose $2.59 to US$48.48 per barrel.
The Canadian dollar at noon was US83.63 cents, down from 83.70 cents the previous trading day. The U.S. dollar at noon was C$1.1958.
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 2015Â Â Â Â Â Â 454.00Â Â Â Â Â Â +3.70Â Â Â Â Â Â +0.82%
Canola May 2015Â Â Â Â Â Â 448.50Â Â Â Â Â Â +1.60Â Â Â Â Â Â +0.36%
Canola Jul 2015Â Â Â Â Â Â 443.50Â Â Â Â Â Â -0.40Â Â Â Â Â Â -0.09%
Canola Nov 2015Â Â Â Â Â Â 429.00Â Â Â Â Â Â -1.20Â Â Â Â Â Â -0.28%
Canola Jan 2016Â Â Â Â Â Â 430.20Â Â Â Â Â Â -3.40Â Â Â Â Â Â -0.78%
Milling Wheat Mar 2015      214.00      unch      0.00%
Milling Wheat May 2015      217.00      unch      0.00%
Milling Wheat Jul 2015      220.00      unch      0.00%
Durum Wheat Mar 2015Â Â Â Â Â Â 361.00Â Â Â Â Â Â -4.00Â Â Â Â Â Â -1.10%
Durum Wheat May 2015Â Â Â Â Â Â 351.00Â Â Â Â Â Â -4.00Â Â Â Â Â Â -1.13%
Durum Wheat Jul 2015Â Â Â Â Â Â 341.00Â Â Â Â Â Â -4.00Â Â Â Â Â Â -1.16%
Barley Mar 2015      182.00      unch      0.00%
Barley May 2015      184.00      unch      0.00%
Barley Jul 2015      186.00      unch      0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2015Â Â Â Â Â Â 1009.25Â Â Â Â Â Â +5.25Â Â Â Â Â Â +0.52%
Soybeans May 2015Â Â Â Â Â Â 1014.5Â Â Â Â Â Â +4.5Â Â Â Â Â Â +0.45%
Soybeans Jul 2015Â Â Â Â Â Â 1020Â Â Â Â Â Â +4.25Â Â Â Â Â Â +0.42%
Soybeans Aug 2015Â Â Â Â Â Â 1019.25Â Â Â Â Â Â +4.75Â Â Â Â Â Â +0.47%
Soybeans Sep 2015Â Â Â Â Â Â 1003.75Â Â Â Â Â Â +4.75Â Â Â Â Â Â +0.48%
Soybeans Nov 2015Â Â Â Â Â Â 991.25Â Â Â Â Â Â +4.5Â Â Â Â Â Â +0.46%
Soybean Meal Mar 2015Â Â Â Â Â Â 335.5Â Â Â Â Â Â +1.9Â Â Â Â Â Â +0.57%
Soybean Meal May 2015Â Â Â Â Â Â 330.2Â Â Â Â Â Â +1.9Â Â Â Â Â Â +0.58%
Soybean Meal Jul 2015Â Â Â Â Â Â 329.8Â Â Â Â Â Â +2.1Â Â Â Â Â Â +0.64%
Soybean Oil Mar 2015Â Â Â Â Â Â 32.82Â Â Â Â Â Â +0.28Â Â Â Â Â Â +0.86%
Soybean Oil May 2015Â Â Â Â Â Â 32.95Â Â Â Â Â Â +0.27Â Â Â Â Â Â +0.83%
Soybean Oil Jul 2015Â Â Â Â Â Â 33.11Â Â Â Â Â Â +0.25Â Â Â Â Â Â +0.76%
Corn Mar 2015Â Â Â Â Â Â 381Â Â Â Â Â Â -4.75Â Â Â Â Â Â -1.23%
Corn May 2015Â Â Â Â Â Â 388.5Â Â Â Â Â Â -5Â Â Â Â Â Â -1.27%
Corn Jul 2015Â Â Â Â Â Â 395Â Â Â Â Â Â -5.25Â Â Â Â Â Â -1.31%
Corn Sep 2015Â Â Â Â Â Â 400.75Â Â Â Â Â Â -4.75Â Â Â Â Â Â -1.17%
Corn Dec 2015Â Â Â Â Â Â 408.5Â Â Â Â Â Â -3.5Â Â Â Â Â Â -0.85%
Oats Mar 2015Â Â Â Â Â Â 282.75Â Â Â Â Â Â -10.5Â Â Â Â Â Â -3.58%
Oats May 2015Â Â Â Â Â Â 285Â Â Â Â Â Â -12Â Â Â Â Â Â -4.04%
Oats Jul 2015Â Â Â Â Â Â 289.75Â Â Â Â Â Â -11Â Â Â Â Â Â -3.66%
Oats Sep 2015Â Â Â Â Â Â 291.75Â Â Â Â Â Â -10.25Â Â Â Â Â Â -3.39%
Oats Dec 2015Â Â Â Â Â Â 292.25Â Â Â Â Â Â -9.75Â Â Â Â Â Â -3.23%
Wheat Mar 2015Â Â Â Â Â Â 537.75Â Â Â Â Â Â -10.25Â Â Â Â Â Â -1.87%
Wheat May 2015Â Â Â Â Â Â 540.75Â Â Â Â Â Â -11.25Â Â Â Â Â Â -2.04%
Wheat Jul 2015Â Â Â Â Â Â 545.25Â Â Â Â Â Â -12.25Â Â Â Â Â Â -2.20%
Wheat Sep 2015Â Â Â Â Â Â 552.5Â Â Â Â Â Â -12.5Â Â Â Â Â Â -2.21%
Wheat Dec 2015Â Â Â Â Â Â 564.25Â Â Â Â Â Â -12Â Â Â Â Â Â -2.08%
Minneapolis
Spring Wheat Mar 2015Â Â Â Â Â Â 580.5Â Â Â Â Â Â -8Â Â Â Â Â Â -1.36%
Spring Wheat May 2015Â Â Â Â Â Â 587.25Â Â Â Â Â Â -8.25Â Â Â Â Â Â -1.39%
Spring Wheat Jul 2015Â Â Â Â Â Â 595.5Â Â Â Â Â Â -8Â Â Â Â Â Â -1.33%
Spring Wheat Sep 2015Â Â Â Â Â Â 602.25Â Â Â Â Â Â -8Â Â Â Â Â Â -1.31%
Spring Wheat Dec 2015Â Â Â Â Â Â 610.5Â Â Â Â Â Â -8.75Â Â Â Â Â Â -1.41%
Kansas City
Hard Red Wheat Mar 2015Â Â Â Â Â Â 575Â Â Â Â Â Â -6.75Â Â Â Â Â Â -1.16%
Hard Red Wheat May 2015Â Â Â Â Â Â 578.5Â Â Â Â Â Â -7.5Â Â Â Â Â Â -1.28%
Hard Red Wheat Jul 2015Â Â Â Â Â Â 583.25Â Â Â Â Â Â -7.75Â Â Â Â Â Â -1.31%
Hard Red Wheat Sep 2015Â Â Â Â Â Â 594.25Â Â Â Â Â Â -7.5Â Â Â Â Â Â -1.25%
Hard Red Wheat Dec 2015Â Â Â Â Â Â 608.25Â Â Â Â Â Â -7.5Â Â Â Â Â Â -1.22%
