It was another day of mostly modest moves in crop futures markets.
November canola closed up just 30 cents a tonne.
It got a bit of support from rising soybean futures, which were up on bargain buying after a few days of declines.
Also the dryness in Brazil continues to be talked about, but it did get rain in southern areas in recent days.
Industry group Abiove estimated Brazil’s 2017-18 soybean crop at 108.5 million tonnes, down from its forecast last month of 113.8 million tonnes, Reuters reported.
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Corn remained under pressure from the advancing U.S. harvest and reports of better than expected yields.
The Midwest harvest did stall out today though with rain. More showers are expected in the Midwest over the coming days and they will slow progress.
Those same showers are improving soil moisture in the central and southern plains, which should benefit the U.S. winter wheat crop.
CANADIAN WEATHER
The seven day outlook for the Canadian Prairies is mostly dry.
Temperatures should rise through the rest of the week but start to cool off again on the weekend.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were down 44 cents at US$49.90 per barrel.
In the afternoon, the Canadian dollar was trading around US80.14 cents, little changed from 80.09 cents the previous trading day. The U.S. dollar was C$1.2478.
The Toronto Stock Exchange composite fell 7.51 points or 0.05 percent to 15,721.00.
The Dow Jones Industrial Average rose 19.97 points, or 0.09 percent, to end at 22,661.64, the S&P 500 gained 3.16 points, or 0.12 percent, to 2,537.74 and the Nasdaq Composite added 2.91 points, or 0.04 percent, to 6,534.63.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 17 493.40s +0.30 +0.06%
Canola Jan 18 499.70s +0.30 +0.06%
Canola Mar 18 505.20s +0.20 +0.04%
Canola May 18 507.80s +0.30 +0.06%
Canola Jul 18 508.80s +0.60 +0.12%
Milling Wheat Oct 17 227.00s unch unch
Milling Wheat Dec 17 229.00s unch unch
Milling Wheat Mar 18 234.00s -1.00 -0.43%
Durum Wheat Oct 17 279.00s -1.00 -0.36%
Durum Wheat Dec 17 281.00s unch unch
Durum Wheat Mar 18 286.00s +1.00 +0.35%
Barley Oct 17 145.00s unch unch
Barley Dec 17 148.00s unch unch
Barley Mar 18 151.00s unch unch
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound. Prices are displayed with fractions (2/8, 4/8, and 6/8) instead of decimals. -2 equals .25, -4 equals .50, -6 equals .75. The “s” means it is the settlement.
Chicago
Soybeans Nov 17 958-2s +3-0 +0.31%
Soybeans Jan 18 968-6s +2-6 +0.28%
Soybeans Mar 18 978-2s +2-6 +0.28%
Soybeans May 18 987-2s +2-6 +0.28%
Soybeans Jul 18 994-6s +3-0 +0.30%
Soybean Meal Oct 17 306.9s -0.4 -0.13%
Soybean Meal Dec 17 311.0s -0.5 -0.16%
Soybean Meal Jan 18 313.1s -0.4 -0.13%
Soybean Oil Oct 17 32.99s +0.48 +1.48%
Soybean Oil Dec 17 33.23s +0.44 +1.34%
Soybean Oil Jan 18 33.41s +0.48 +1.46%
Corn Dec 17 348-2s -1-2 -0.36%
Corn Mar 18 361-2s -1-0 -0.28%
Corn May 18 370-2s -1-0 -0.27%
Corn Jul 18 378-2s -0-6 -0.20%
Corn Sep 18 385-4s -0-6 -0.19%
Oats Dec 17 246-2s -5-0 -1.99%
Oats Mar 18 250-2s -5-2 -2.05%
Oats May 18 249-0s -5-4 -2.16%
Oats Jul 18 248-0s -4-2 -1.68%
Oats Sep 18 248-0s -4-2 -1.68%
Wheat Dec 17 442-0s -5-6 -1.28%
Wheat Mar 18 460-4s -5-0 -1.07%
Wheat May 18 474-2s -4-0 -0.84%
Wheat Jul 18 486-2s -3-6 -0.77%
Wheat Sep 18 501-4s -3-6 -0.74%
Minneapolis
Spring Wheat Dec 17 610-0s -2-2 -0.37%
Spring Wheat Mar 18 623-4s -2-4 -0.40%
Spring Wheat May 18 630-0s -2-2 -0.36%
Spring Wheat Jul 18 633-6s -0-6 -0.12%
Spring Wheat Sep 18 635-0s -0-2 -0.04%
Kansas City
Hard Red Wheat Dec 17 436-0s -5-6 -1.30%
Hard Red Wheat Mar 18 453-6s -5-4 -1.20%
Hard Red Wheat May 18 467-6s -5-2 -1.11%
Hard Red Wheat Jul 18 485-2s -5-0 -1.02%
Hard Red Wheat Sep 18 503-6s -5-0 -0.98%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Oct 17 109.075s -0.025 -0.02%
Live Cattle Dec 17 114.925s +0.025 +0.02%
Live Cattle Feb 18 118.925s +0.400 +0.34%
Feeder Cattle Oct 17 152.100s -0.325 -0.21%
Feeder Cattle Nov 17 153.500s -0.800 -0.52%
Feeder Cattle Jan 18 151.025s -0.975 -0.64%
Lean Hogs Oct 17 60.325s +0.450 +0.75%
Lean Hogs Dec 17 61.900s -0.175 -0.28%
Lean Hogs Feb 18 67.300s -0.050 -0.07%
