Canola futures tickled high prices not seen since June, but then eased off slightly Monday.
Soybeans and soybean components were also little changed at the close, following losses Friday.
However, wheat showed some light and gained on what some said was short-covering, following a United States Commodity Futures Trading Commission report. It showed a growing short position in wheat futures by speculators.
Soybean futures stabilized Monday, with healthy exports alleviating concerns raised by last week’s U.S. Department of Agriculture supply and demand report.
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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.
Weather factors continue to play in the markets, even though harvest is approaching completion in many areas. Substantial parts of the Canadian canola crop are still in the field, subject to rain and freezing, as are other crops.
However, generally good conditions are forecast in many areas, which is bearish.
The November canola futures contract is entering its final days and attention has switched to January.
Canola’s strength has been impressive, rising all the way through October to regain ground lost in July and only recently reversed.
Light crude oil nearby futures in New York were down $1.84 to US$46.86 per barrel.
The Canadian dollar at noon was US74.61 cents, down from 74.71 cents the previous trading day. The U.S. dollar at noon was C$1.3403.
Winnipeg ICE Futures Canada dollars per tonne
Canola Jan 2017 522.30 -0.70 -0.13%
Canola Mar 2017 526.40 -1.30 -0.25%
Canola May 2017 527.50 -2.30 -0.43%
Canola Jul 2017 526.00 -2.60 -0.49%
Milling Wheat Dec 2016 237.00 unch 0.00%
Milling Wheat Mar 2017 242.00 unch 0.00%
Milling Wheat May 2017 246.00 unch 0.00%
Durum Wheat Dec 2016 313.00 unch 0.00%
Durum Wheat Mar 2017 318.00 unch 0.00%
Durum Wheat May 2017 322.00 unch 0.00%
Barley Dec 2016 132.50 unch 0.00%
Barley Mar 2017 134.50 unch 0.00%
Barley May 2017 135.50 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Nov 2016 1002.25 +1.00 +0.10%
Soybeans Jan 2017 1011.75 -0.25 -0.02%
Soybeans Mar 2017 1018.50 unch 0.00%
Soybeans May 2017 1024.00 -0.25 -0.02%
Soybeans Jul 2017 1028.50 -0.50 -0.05%
Soybeans Aug 2017 1026.00 +1.00 +0.10%
Soybean Meal Dec 2016 316.10 -1.90 -0.60%
Soybean Meal Jan 2017 317.90 -1.60 -0.50%
Soybean Meal Mar 2017 319.60 -1.20 -0.37%
Soybean Oil Dec 2016 35.17 -0.22 -0.62%
Soybean Oil Mar 2017 35.53 -0.22 -0.62%
Corn Dec 2016 354.75 -0.50 -0.14%
Corn Mar 2017 362.75 -0.50 -0.14%
Corn May 2017 369.50 -1.00 -0.27%
Corn Jul 2017 376.25 -0.75 -0.20%
Corn Sep 2017 382.50 -0.75 -0.20%
Oats Dec 2016 220.50 -6.50 -2.86%
Oats Mar 2017 219.25 -0.50 -0.23%
Oats May 2017 217.00 +0.50 +0.23%
Oats Jul 2017 218.50 -5.25 -2.35%
Oats Sep 2017 213.75 -1.25 -0.58%
Wheat Dec 2016 416.25 +7.25 +1.77%
Wheat Mar 2017 433.75 +4.50 +1.05%
Wheat May 2017 448.25 +4.50 +1.01%
Wheat Jul 2017 461.50 +3.50 +0.76%
Wheat Sep 2017 475.75 +2.50 +0.53%
Minneapolis
Spring Wheat Dec 2016 526.75 +1.50 +0.29%
Spring Wheat Mar 2017 533.50 +1.00 +0.19%
Spring Wheat May 2017 540.25 +1.75 +0.32%
Spring Wheat Jul 2017 546.00 +1.00 +0.18%
Spring Wheat Sep 2017 552.75 +0.25 +0.05%
Kansas City
Hard Red Wheat Dec 2016 414.75 +2.75 +0.67%
Hard Red Wheat Mar 2017 432.50 +2.50 +0.58%
Hard Red Wheat May 2017 444.75 +2.50 +0.57%
Hard Red Wheat Jul 2017 456.25 +3.00 +0.66%
Hard Red Wheat Sep 2017 470.50 +1.75 +0.37%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Dec 2016 103.32 -1.08 -1.03%
Live Cattle (P) Feb 2017 104.12 -0.93 -0.89%
Feeder Cattle (P) Nov 2016 121.85 -0.05 -0.04%
Feeder Cattle (P) Jan 2017 116.00 -0.30 -0.26%
Feeder Cattle (P) Mar 2017 112.28 -1.14 -1.01%
Lean Hogs (P) Dec 2016 47.95 +0.90 +1.91%
Lean Hogs (P) Feb 2017 54.62 +0.40 +0.74%
Lean Hogs (P) Apr 2017 62.05 +0.15 +0.24%
