It was a gentle day in the crop futures markets, with a slight touch of green to all main North American futures charts, like the earliest shoots of the young spring.
Most crop futures markets rose a few cents per bushel.
May canola climbed $1.60 per tonne to $462.50. July rose $1.20 to $459.10.
Canola’s rise was impressive, small as it was, since the Canadian dollar surged half a penny and often that results in losses for canola versus soybeans.
A weaker dollar helped U.S. crop futures rise, with a lower greenback making U.S.-denominated prices seem cheaper when converted to the currency of many buyers’ countries.
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There were the usual niggling concerns about U.S. crops that provided reasons for people to explain the slight rises in the markets.
U.S. wheat areas are dry, so maybe that crop won’t turn out too well, some fret. That has helped take CBOT wheat futures to a one-month high.
After the market closed The USDA reported that the Kansas winter wheat crop had deteriorated over the week.
The percentage rated poor to very poor rose to 17 percent, up from 13 percent the week before. The amount rated fair fell to 42 percent from 46 the week before and good to excellent stayed at 41 percent.
The Oklahoma crop was little changed with the very poor rating at four percent ( four percent last week) poor 11 percent (12 percent,) fair 41 percent (44 percent) good 41 percent (38) excellent three (two percent last week)
Soybeans rose Monday, with the U.S. dollar’s relative weakness providing support.
Other vegetable oil contracts overseas rose.
Corn joined the going-up crowd Monday, adding to its impressive gains at the end of last week.
Minneapolis hard red spring wheat contracts were up five cents.
Light crude oil nearby futures in New York were up 88 cents to US$47.45 per barrel.
The Canadian dollar at noon was US79.90 cents, up from 79.40 cents the previous trading day. The U.S. dollar at noon was C$1.2516.
The Toronto Stock Exchange’s S&P/TSX composite index closed up 14.80 points, or 0.1 percent, at 14,957.21.
The Dow Jones industrial average fell 11.61 points, or 0.06 percent, to 18,116.04, the S&P 500 lost 3.68 points, or 0.17 percent, to 2,104.42 and the Nasdaq Composite dropped 15.44 points, or 0.31 percent, to 5,010.97.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2015 462.50 +1.60 +0.35%
Canola Jul 2015 459.10 +1.20 +0.26%
Canola Jan 2016 447.80 +1.70 +0.38%
Canola Mar 2016 449.70 +1.40 +0.31%
Milling Wheat May 2015 241.00 -4.00 -1.63%
Milling Wheat Jul 2015 242.00 -4.00 -1.63%
Milling Wheat Oct 2015 246.00 -4.00 -1.60%
Durum Wheat May 2015 323.00 unch 0.00%
Durum Wheat Jul 2015 313.00 unch 0.00%
Durum Wheat Oct 2015 318.00 unch 0.00%
Barley May 2015 196.00 unch 0.00%
Barley Jul 2015 196.00 unch 0.00%
Barley Oct 2015 187.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans May 2015 983.5 +9.75 +1.00%
Soybeans Jul 2015 988 +10 +1.02%
Soybeans Aug 2015 986.75 +9.5 +0.97%
Soybeans Sep 2015 971.5 +9 +0.94%
Soybeans Nov 2015 965 +8.75 +0.92%
Soybeans Jan 2016 969.75 +8.75 +0.91%
Soybean Meal May 2015 327.3 +3.3 +1.02%
Soybean Meal Jul 2015 324.9 +3 +0.93%
Soybean Meal Aug 2015 323 +2.4 +0.75%
Soybean Oil May 2015 31.15 +0.47 +1.53%
Soybean Oil Jul 2015 31.36 +0.47 +1.52%
Soybean Oil Aug 2015 31.41 +0.46 +1.49%
Corn May 2015 390.25 +5.25 +1.36%
Corn Jul 2015 398 +5.25 +1.34%
Corn Sep 2015 405.5 +5.25 +1.31%
Corn Dec 2015 414.25 +5 +1.22%
Corn Mar 2016 423.75 +5 +1.19%
Oats May 2015 281.5 +2.5 +0.90%
Oats Jul 2015 282 +2.5 +0.89%
Oats Dec 2015 285.75 +3 +1.06%
Oats Mar 2016 288.5 +3.5 +1.23%
Wheat May 2015 534 +4 +0.75%
Wheat Jul 2015 538 +4.25 +0.80%
Wheat Sep 2015 547 +4.25 +0.78%
Wheat Dec 2015 560.25 +4.25 +0.76%
Wheat Mar 2016 572.5 +4 +0.70%
Minneapolis
Spring Wheat May 2015 590 +0.5 +0.08%
Spring Wheat Jul 2015 594.75 +1 +0.17%
Spring Wheat Sep 2015 602.25 +0.75 +0.12%
Spring Wheat Dec 2015 613.25 +1.5 +0.25%
Spring Wheat Mar 2016 624.5 +1.5 +0.24%
Kansas City
Hard Red Wheat May 2015 574.5 +5 +0.88%
Hard Red Wheat Jul 2015 580 +5 +0.87%
Hard Red Wheat Sep 2015 590.75 +4.5 +0.77%
Hard Red Wheat Dec 2015 604 +3.5 +0.58%
Hard Red Wheat Mar 2016 614.75 +3 +0.49%
Contact ed.white@producer.com
