Canola made minor gains Monday

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.

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

Comments

Copyright © 2016. All market data is provided by Barchart Market Data Solutions. Futures: at least 10 minute delayed except as noted. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.
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