The ICE Futures canola platform recorded minor gains on Monday, as a pending report by the United States Department of Agriculture kept a note of caution in the air.
On Wednesday the USDA will release its production estimates and there are ideas it could feature a hike to the soybean yield in the U.S.
Modest gains in the Chicago Board of Trade soy complex lent some strength to futures.
Funds remain short in the market and cold weather in northern Alberta has raised concerns about possible frost and snow.
Read Also
China soybean imports hit record June high on strong Brazil shipments
China’s soybean imports hit the highest level ever for the month of June, a Reuters calculation of customs data showed on Monday, driven by a surge in shipments from top supplier Brazil.
Crush margins remain relatively weak and farmer selling is on the rise.
Spreads are expected to widen out in the next couple of days, according to a trader in Winnipeg.
About 7,650 canola contracts traded, which compares with Friday when 12,000 contracts changed hands. Spreading accounted for 3,294 of the contracts traded.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were up xx cents at US$67.53 per barrel.
In the afternoon, the Canadian dollar was trading around US.7598 cents. The U.S. dollar was C$1.3161
ICE Futures Canada dollars per tonne.
Canola Nov 18 496.70s +1.20 +0.24%
Canola Jan 19 502.90s +1.30 +0.26%
Canola Mar 19 508.30s +1.60 +0.32%
Canola May 19 512.10s +1.70 +0.33%
Canola Jul 19 515.20s +1.90 +0.37%
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 Sep 18 833-4s +1-4 +0.18%
Soybeans Nov 18 845-2s +1-2 +0.15%
Soybeans Jan 19 859-0s +1-6 +0.20%
Soybeans Mar 19 871-6s +1-4 +0.17%
Soybeans May 19 883-2s +1-2 +0.14%
Soybean Meal Sep 18 315.9s +1.7 +0.54%
Soybean Meal Oct 18 316.3s +1.6 +0.51%
Soybean Meal Dec 18 318.6s +1.6 +0.50%
Soybean Oil Sep 18 28.03s +0.09 +0.32%
Soybean Oil Oct 18 28.10s +0.06 +0.21%
Soybean Oil Dec 18 28.36s +0.09 +0.32%
Corn Sep 18 355-4s +1-2 +0.35%
Corn Dec 18 367-2s +0-2 +0.07%
Corn Mar 19 379-2s unch unch
Corn May 19 386-6s -0-2 -0.06%
Corn Jul 19 392-4s -0-2 -0.06%
Oats Sep 18 238-6s +4-2 +1.81%
Oats Dec 18 251-4s +4-2 +1.72%
Oats Mar 19 256-0s +4-0 +1.59%
Oats May 19 259-0s +4-0 +1.57%
Oats Jul 19 261-4s +4-0 +1.55%
Wheat Sep 18 504-0s +17-6 +3.65%
Wheat Dec 18 528-2s +17-0 +3.33%
Wheat Mar 19 546-6s +15-2 +2.87%
Wheat May 19 560-2s +15-4 +2.85%
Wheat Jul 19 560-4s +17-6 +3.27%
Minneapolis
Spring Wheat Sep 18 559-6s +4-4 +0.81%
Spring Wheat Dec 18 580-0s +10-0 +1.75%
Spring Wheat Mar 19 594-6s +8-2 +1.41%
Spring Wheat May 19 603-4s +8-2 +1.39%
Spring Wheat Jul 19 611-0s +8-0 +1.33%
Kansas City
Hard Red Wheat Sep 18 503-6s +15-2 +3.12%
Hard Red Wheat Dec 18 530-6s +16-0 +3.11%
Hard Red Wheat Mar 19 550-4s +14-4 +2.71%
Hard Red Wheat May 19 563-4s +14-6 +2.69%
Hard Red Wheat Jul 19 564-4s +16-2 +2.96%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle (Pit) Oct 18 110.150s +0.200 +0.18%
Live Cattle (Pit) Dec 18 114.425s unch unch
Live Cattle (Pit) Feb 19 118.525s +0.275 +0.23%
Feeder Cattle (Pit) Sep 18 152.525s -0.450 -0.29%
Feeder Cattle (Pit) Oct 18 152.675s -0.275 -0.18%
Feeder Cattle (Pit) Nov 18 152.875s +0.150 +0.10%
Lean Hogs (Pit) Oct 18 55.950s +0.300 +0.54%
Lean Hogs (Pit) Dec 18 55.700s -1.100 -1.94%
Lean Hogs (Pit) Feb 19
