Canola futures up slightly

(Reuters) – ICE canola futures edged higher on Tuesday in light volume, supported by featureless technical buying and a softer Canadian dollar, which tends to make Canadian products more competitive globally, traders said.

Most-active November canola ended 50 cents higher at $447.50 per tonne.

Chart-based resistance was noted at the contract’s 20-day moving average near $449.

The November-January canola spread traded 807 times and widened to settle at $7.10, premium January, from $6.90 on Monday.

Total trading volume fell to 11,095 contracts, the lowest since July 17.

Chicago Board of Trade August soybeans settled down 2-1/2 U.S. cents at US$8.85-3/4 a bushel.

The Canadian dollar weakened to a near one-month low against its U.S. counterpart as the greenback broadly climbed and recent domestic data supported the view that the Bank of Canada could cut interest rates this year.

OUTSIDE MARKETS

Light crude oil nearby futures in New York was at US$57.17 per barrel.

In the afternoon, the Canadian dollar was trading around US76.09 cents. The U.S. dollar was C$1.3142.

 

Winnipeg ICE Futures Canada dollars per tonne

 

Name / Contract Last Change % Change

Canola Nov 19 447.50s +0.50 +0.11%

Canola Jan 20 454.60s +0.70 +0.15%

Canola Mar 20 461.50s +0.60 +0.13%

Canola May 20 467.20s +0.50 +0.11%

Canola Jul 20 471.80s +0.10 +0.02%

 

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

Soybean Aug 19 885-6s -2-4 -0.28%

Soybean Sep 19 891-4s -2-4 -0.28%

Soybean Nov 19 903-6s -2-0 -0.22%

Soybean Jan 20 916-4s -2-0 -0.22%

Soybean Mar 20 926-2s -2-0 -0.22%

 

Soybean Meal Aug 19 306.4s -2.0 -0.65%

Soybean Meal Sep 19 307.8s -1.9 -0.61%

Soybean Meal Oct 19 309.4s -1.9 -0.61%

Soybean Oil Aug 19 28.01s +0.28 +1.01%

Soybean Oil Sep 19 28.13s +0.28 +1.01%

Soybean Oil Oct 19 28.23s +0.28 +1.00%

 

Corn Sep 19 425-4s +3-2 +0.77%

Corn Dec 19 431-4s +4-6 +1.11%

Corn Mar 20 440-4s +4-6 +1.09%

Corn May 20 444-2s +4-0 +0.91%

Corn Jul 20 447-2s +3-4 +0.79%

 

Oats Sep 19 266-0s -0-6 -0.28%

Oats Dec 19 266-2s -0-6 -0.28%

Oats Mar 20 270-4s -0-2 -0.09%

Oats May 20 269-4s -0-2 -0.09%

Oats Jul 20 268-6s -0-2 -0.09%

 

Wheat Sep 19 487-2s unch unch

Wheat Dec 19 498-2s -0-6 -0.15%

Wheat Mar 20 510-6s -0-6 -0.15%

Wheat May 20 517-2s -0-6 -0.14%

Wheat Jul 20 519-6s -0-6 -0.14%

 

Minneapolis

Spring Wheat Sep 19 520-4s -0-6 -0.14%

Spring Wheat Dec 19 535-0s unch unch

Spring Wheat Mar 20 550-0s unch unch

Spring Wheat May 20 559-6s unch unch

Spring Wheat Jul 20 568-4s -0-2 -0.04%

 

Kansas City

Hard Red Wheat Sep 19 431-4s +2-2 +0.52%

Hard Red Wheat Dec 19 449-2s +0-6 +0.17%

Hard Red Wheat Mar 20 467-2s -0-4 -0.11%

Hard Red Wheat May 20 479-0s -1-0 -0.21%

Hard Red Wheat Jul 20 484-6s -1-0 -0.21%

 

Chicago livestock futures in US¢/pound, Pit trade

Live Cattle   Aug 19 109.050s +0.600 +0.55%

Live Cattle   Oct 19 109.875s +0.725 +0.66%

Live Cattle   Dec 19 114.250s +0.450 +0.40%

 

Feeder Cattle   Aug 19 142.200s +0.025 +0.02%

Feeder Cattle   Sep 19 142.450s +0.025 +0.02%

Feeder Cattle   Oct 19 142.675s +0.025 +0.02%

 

Lean Hogs   Aug 19 86.175s +2.950 +3.54%

Lean Hogs   Oct 19 81.800s +2.600 +3.28%

Lean Hogs   Dec 19 79.675s +2.650

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