Crop futures almost all gained Monday, with the notable exception of soybean oil.
But canola gained regardless of the soy oil losses, rising $1.10 per tonne for January to $477.50, and $1.50 for March to $487.30.
The grains were the strongest part of the overall commodities complex, with energies and meats down.
Stock markets were also off.
Natural gas fell its lowest level since 2001 on a warmer than expected December, causing less consumption than forecast.
Worries about possible increased exports of Argentine corn and soybeans limited gains for those crops. Argetina’s new president is reducing or eliminating export taxes on crops.
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Pulse Weekly: Most lentil prices lower as focus changes to new crop
Lentil prices on the Canadian Prairies eased back during the week ended July 28, said Levon Sargsyan, broker with Johnston’s Grain. Sargsyan noted that’s due to the recent rains that brought relief to some of the dry areas of the region.
Weakness in the U.S. dollar helped make crops denominated in the greenback more attractive to overseas buyers.
Stock markets have been suffering and U.S. markets fell about four percent last week. Concerns about a likely U.S. interest rate hike on Wednesday are undermining stock values.
Contact ed.white@producer.com
Light crude oil nearby futures in New York were up 69 cents to US$36.31 per barrel.
The Canadian dollar at noon was US72.82 cents, down from 73.01 cents the previous trading day. The U.S. dollar at noon was C$1.3733.
Winnipeg ICE Futures Canada dollars per tonne
Canola Jan 2016 477.50 +1.10 +0.23%
Canola Mar 2016 487.30 +1.50 +0.31%
Canola May 2016 494.90 +1.60 +0.32%
Canola Jul 2016 500.20 +1.60 +0.32%
Canola Nov 2016 497.20 +2.70 +0.55%
Milling Wheat Mar 2016 242.00 +2.00 +0.83%
Milling Wheat May 2016 245.00 +2.00 +0.82%
Milling Wheat Jul 2016 249.00 +2.00 +0.81%
Durum Wheat Mar 2016 315.00 +5.00 +1.61%
Durum Wheat May 2016 320.00 unch 0.00%
Durum Wheat Jul 2016 320.00 unch 0.00%
Barley Mar 2016 191.00 unch 0.00%
Barley May 2016 197.00 unch 0.00%
Barley Jul 2016 197.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Jan 2016 874.25 +3.5 +0.40%
Soybeans Mar 2016 876 +2.25 +0.26%
Soybeans May 2016 882 +2 +0.23%
Soybeans Jul 2016 888.5 +2 +0.23%
Soybeans Aug 2016 890.25 +1.75 +0.20%
Soybeans Sep 2016 888.5 +1 +0.11%
Soybean Meal Jan 2016 275.5 +1.8 +0.66%
Soybean Meal Mar 2016 277.6 +2.1 +0.76%
Soybean Meal May 2016 279.8 +1.9 +0.68%
Soybean Oil Jan 2016 31.12 -0.24 -0.77%
Soybean Oil Mar 2016 31.37 -0.23 -0.73%
Soybean Oil May 2016 31.53 -0.23 -0.72%
Corn Mar 2016 379 +3.75 +1.00%
Corn May 2016 384.25 +4 +1.05%
Corn Jul 2016 389 +4.25 +1.10%
Corn Sep 2016 392.25 +3.75 +0.97%
Corn Dec 2016 399 +3 +0.76%
Oats Mar 2016 232.75 +0.25 +0.11%
Oats May 2016 231.25 +0.25 +0.11%
Oats Jul 2016 233 +0.75 +0.32%
Oats Sep 2016 233.75 -1.25 -0.53%
Oats Dec 2016 235.5 +1.75 +0.75%
Wheat Mar 2016 493.5 +3 +0.61%
Wheat May 2016 499.25 +3 +0.60%
Wheat Jul 2016 503.5 +3 +0.60%
Wheat Sep 2016 513.25 +2.75 +0.54%
Wheat Dec 2016 526.75 +2.75 +0.52%
Minneapolis
Spring Wheat Mar 2016 510.5 +2.75 +0.54%
Spring Wheat May 2016 520.25 +2 +0.39%
Spring Wheat Jul 2016 529.5 +2.5 +0.47%
Spring Wheat Sep 2016 540.5 +2.25 +0.42%
Spring Wheat Dec 2016 556.5 +2.5 +0.45%
Kansas City
Hard Red Wheat Mar 2016 488 +5.5 +1.14%
Hard Red Wheat May 2016 498.25 +5.5 +1.12%
Hard Red Wheat Jul 2016 508.25 +5.5 +1.09%
Hard Red Wheat Sep 2016 522 +5.25 +1.02%
Hard Red Wheat Dec 2016 540.25 +5.5 +1.03%
