Winnipeg – The ICE Futures Canada canola complex finished mostly lower, as traders positioned themselves ahead of tomorrow’s USDA planting intentions report. Spreads were narrowing in too, particularly the July/November set.
Losses in United States soybeans weighed on prices.
Ideas that canola acreage will increase this spring were bearish for canola.
The recent blanket of snow across the Prairies has helped replenish soil moisture ahead of spring seeding.
However, weakness in the Canadian dollar, relative to its U.S. counterpart, was bullish for canola as it made the commodity more attractive on the international market.
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U.S. grains: Soybean futures set two-week high on US weather worry, soyoil rally
Chicago Board of Trade soybean futures touched a two-week high on Friday on worries that heat may threaten U.S. crops and expectations that the country’s biofuel policy would boost demand for soyoil, analysts said.
Canola exports have been better as of late which helped support the market.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were down 87 cents at US$64.38 per barrel.
In the afternoon, the Canadian dollar was trading around US77.37 cents, down from 77.55 cents the previous trading day. The U.S. dollar was C$1.2925.
Winnipeg ICE Futures Canada dollars per tonne.
Canola May 18 521.80s -1.10 -0.21%
Canola Jul 18 526.80s -0.80 -0.15%
Canola Nov 18 516.00s +1.70 +0.33%
Canola Jan 19 519.90s +2.10 +0.41%
Canola Mar 19 521.70s +2.10 +0.40%
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 May 18 1018-0s -1-4 -0.15%
Soybeans Jul 18 1028-6s -1-4 -0.15%
Soybeans Aug 18 1030-4s -2-0 -0.19%
Soybeans Sep 18 1021-2s -2-6 -0.27%
Soybeans Nov 18 1016-4s -4-0 -0.39%
Soybean Meal May 18 371.3s -1.1 -0.30%
Soybean Meal Jul 18 373.7s -1.4 -0.37%
Soybean Meal Aug 18 370.5s -1.7 -0.46%
Soybean Oil May 18 31.62s +0.04 +0.13%
Soybean Oil Jul 18 31.88s +0.03 +0.09%
Soybean Oil Aug 18 32.00s +0.02 +0.06%
Corn May 18 373-4s -0-4 -0.13%
Corn Jul 18 382-2s -0-2 -0.07%
Corn Sep 18 389-0s unch unch
Corn Dec 18 397-0s unch unch
Corn Mar 19 404-4s +0-2 +0.06%
Oats May 18 221-6s -4-2 -1.88%
Oats Jul 18 230-4s -3-0 -1.28%
Oats Sep 18 238-4s -2-6 -1.14%
Oats Dec 18 249-2s -2-6 -1.09%
Oats Mar 19 256-0s -2-0 -0.78%
Wheat May 18 445-4s -3-4 -0.78%
Wheat Jul 18 462-6s -3-6 -0.80%
Wheat Sep 18 479-4s -3-6 -0.78%
Wheat Dec 18 501-0s -3-6 -0.74%
Wheat Mar 19 517-0s -4-2 -0.82%
Minneapolis
Spring Wheat May 18 589-4s -3-6 -0.63%
Spring Wheat Jul 18 598-0s -3-6 -0.62%
Spring Wheat Sep 18 605-4s -2-6 -0.45%
Spring Wheat Dec 18 618-2s -1-4 -0.24%
Spring Wheat Mar 19 628-0s -0-2 -0.04%
Kansas City
Hard Red Wheat May 18 461-0s -3-0 -0.65%
Hard Red Wheat Jul 18 480-0s -3-4 -0.72%
Hard Red Wheat Sep 18 498-6s -3-2 -0.65%
Hard Red Wheat Dec 18 522-4s -2-4 -0.48%
Hard Red Wheat Mar 19 537-2s -2-2 -0.42%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Apr 18 116.000s +0.575 +0.50%
Live Cattle Jun 18 105.575s +0.325 +0.31%
Live Cattle Aug 18 104.450s +0.475 +0.46%
Feeder Cattle Mar 18 135.975s +0.550 +0.41%
Feeder Cattle Apr 18 137.825s +2.475 +1.83%
Feeder Cattle May 18 138.500s +2.150 +1.58%
Lean Hogs Apr 18 56.925s -0.825 -1.43%
Lean Hogs May 18 67.325s +1.875 +2.86%
Lean Hogs Jun 18 76.625s +2.600 +3.51%
