Canola futures closed little changed on Wednesday with currency shifts the main market driver.
There was little market-moving news.
November canola closed at $605.10, down 50 cents as earlier gains disappeared as the Canadian dollar rallied.
• Soybeans and corn closed a little higher on bargain buying and a weaker U.S. dollar.
Wheat showed the strongest gains due to concerns about dry weather in Australia and in northern U.S. winter wheat areas such as Nebraska, western Kansas, Colorado and Montana where emergence is slow.
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Western Canadian spring wheat prices were mostly lower, while those for durum were relatively steady during the week ended Aug. 14, 2025.
The market generally was relived that credit rating agency Moody’s decided to maintain Spain’s investment-grade status. That pushed the euro higher against the U.S. currency.
• The CME Group has bought the Kansas City Board of Trade, home of the hard red winter wheat futures contract, for $126 million U.S. The deal is expected to close later this year, subject to approval by KCBT shareholders and regulators.
The move is seen as CME heading off challenges from ICE Futures, which introduced “look alike” wheat, corn and soybean U.S. futures earlier this year.
Winnipeg (per tonne)
Canola Nov 12 $605.10, down 0.50 -0.08%
Canola Jan 13 $604.20, down 0.60 -0.10%
Canola Mar 13 $602.10, down 0.20 -0.03%
Canola May 13 $596.00, up 0.70 +0.12%
Milling Wheat Dec 12 $298.90, up 1.50 +0.50%
Milling Wheat Mar 13 $308.40, up 1.50 +0.49%
Milling Wheat May 13 $311.40, up 1.50 +0.48%
Durum Wheat Dec 12 $312.40, unchanged
Durum Wheat Mar 13 $319.00, unchanged
Durum Wheat May 13 $323.00, unchanged
Barley Dec 12 $250.00, unchanged
Barley Mar 13 $253.00, unchanged
Barley May 13 $254.00, unchanged
Chicago (per bushel)
Soybeans (P) Nov 12 $15.0925, up 15.5 cents +1.04%
Soybeans (P) Jan 13 $15.075 +14.75 +0.99%
Soybeans (P) Mar 13 $148425, up 15.5 +1.06%
Soybeans (P) May 13 $14.4525, up 12.5 +0.87%
Corn (P) Dec 12 $7.455, up 7.25 +0.98%
Corn (P) Mar 13 $7.4475, up 6.5 +0.88%
Corn (P) May 13 $7.3925, up 6.5 +0.89%
Oats (P) Dec 12 $3.9575, up 3.25 +0.83%
Oats (P) Mar 13 $3.985, up 4.75 +1.21%
Oats (P) May 13 $3.9675, up 3.5 +0.89%
Minneapolis (per bushel)
Spring Wheat Dec 12 $9.395, up 15.0 cents +1.62%
Spring Wheat Mar 13 $9.395, up 11.25 +1.21%
Spring Wheat May 13 $9.4275, up 9.75 +1.05%
Spring Wheat Jul 13 $9.4175, up 9.5+1.02%
The Bank of Canada noon rate for the loonie is $1.0208, up more than a half cents from the previous day’s noon rate of 1.0148.
The U.S. dollar today is 97.96 cents Cdn.
Nearby crude oil in New York rose three cents to close at $92.12 per barrel.
The Toronto Stock Exchange’s S&P/TSX composite index rose 53.54 points, or 0.43 percent, to 12,461.24. It was the highest close since Sept. 14.
The market was supported by an announcement that Exxon Mobil Corp. had agreed to buy Canadian shale gas player Celtic Exploration Ltd. for $2.6 billion.
The Dow Jones industrial average rose 5.22 points, or 0.04 percent, at 13,557.00.
The Standard & Poor’s 500 Index rose 5.99 points, or 0.41 percent, at 1,460.91.
The Nasdaq Composite Index gained 2.95 points, or 0.10 percent, at 3,104.12.
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