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cross the board, crop futures in North America rose Monday, pulled higher mostly on concerns about the slow pace of seeding.
Canola joined in the positive motion, rising more than five cents per bushel or $2.40 per tonne for the November contract and more than double that, up $5.30 per tonne, for the July contract.
Canola contracts remain sharply inverted between old and new crop months, with July stronger by about 85 cents per bu., riding concerns about tight old crop stocks.
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Today’s rally was spread across the crop spectrum.
Hard red spring was the weakest of the three wheat futures contracts, with a less than four-cent gain for July, while July hard red winter wheat rose more than seven cents.
Oats rose slightly, with July rising 3.5 cents per bushel and December up 2.25 cents.
Traders, commercial users, analysts and speculators are closely watching seeding progress in the U.S. and Canada, which is significantly late. Reports of more showers to come this week across the Midwest had anxious traders worried about acreage and quality of production.
They are also watching the dryness situation in Russia, which some think threatens to impose a large yield loss and perhaps inspire a rally.
Commodities markets were mixed Monday, as were equity markets.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2013Â Â Â Â Â Â 653.80Â Â Â Â Â Â +5.30Â Â Â Â Â Â +0.82%
Canola Jul 2013Â Â Â Â Â Â 623.80Â Â Â Â Â Â +5.30Â Â Â Â Â Â +0.86%
Canola Nov 2013Â Â Â Â Â Â 538.00Â Â Â Â Â Â +2.40Â Â Â Â Â Â +0.45%
Canola Jan 2014Â Â Â Â Â Â 539.30Â Â Â Â Â Â +2.70Â Â Â Â Â Â +0.50%
Canola Mar 2014Â Â Â Â Â Â 534.80Â Â Â Â Â Â +2.70Â Â Â Â Â Â +0.51%
Milling Wheat May 2013      292.00      unch      0.00%
Milling Wheat Jul 2013      294.00      unch      0.00%
Milling Wheat Oct 2013      294.00      unch      0.00%
Durum Wheat May 2013      301.90      unch      0.00%
Durum Wheat Jul 2013      301.90      unch      0.00%
Durum Wheat Oct 2013      294.90      unch      0.00%
Barley May 2013      243.50      unch      0.00%
Barley Jul 2013      244.00      unch      0.00%
Barley Oct 2013      194.00      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 2013Â Â Â Â Â Â 1521Â Â Â Â Â Â +32.75Â Â Â Â Â Â +2.20%
Soybeans Jul 2013Â Â Â Â Â Â 1419.25Â Â Â Â Â Â +20.25Â Â Â Â Â Â +1.45%
Soybeans Aug 2013Â Â Â Â Â Â 1345Â Â Â Â Â Â +15Â Â Â Â Â Â +1.13%
Soybeans Sep 2013Â Â Â Â Â Â 1263Â Â Â Â Â Â +8.75Â Â Â Â Â Â +0.70%
Soybeans Nov 2013Â Â Â Â Â Â 1209.75Â Â Â Â Â Â +4.25Â Â Â Â Â Â +0.35%
Soybeans Jan 2014Â Â Â Â Â Â 1217.5Â Â Â Â Â Â +4.75Â Â Â Â Â Â +0.39%
Soybean Meal May 2013Â Â Â Â Â Â 457.9Â Â Â Â Â Â +13.6Â Â Â Â Â Â +3.06%
Soybean Meal Jul 2013Â Â Â Â Â Â 415.1Â Â Â Â Â Â +8.3Â Â Â Â Â Â +2.04%
Soybean Meal Aug 2013Â Â Â Â Â Â 388.6Â Â Â Â Â Â +4.8Â Â Â Â Â Â +1.25%
Soybean Oil May 2013Â Â Â Â Â Â 49.61Â Â Â Â Â Â +0.44Â Â Â Â Â Â +0.89%
Soybean Oil Jul 2013Â Â Â Â Â Â 49.61Â Â Â Â Â Â +0.38Â Â Â Â Â Â +0.77%
Soybean Oil Aug 2013Â Â Â Â Â Â 49.36Â Â Â Â Â Â +0.36Â Â Â Â Â Â +0.73%
Corn May 2013Â Â Â Â Â Â 718Â Â Â Â Â Â +30.25Â Â Â Â Â Â +4.40%
Corn Jul 2013Â Â Â Â Â Â 655.5Â Â Â Â Â Â +19.25Â Â Â Â Â Â +3.03%
Corn Sep 2013Â Â Â Â Â Â 568.5Â Â Â Â Â Â +14Â Â Â Â Â Â +2.52%
Corn Dec 2013Â Â Â Â Â Â 539.25Â Â Â Â Â Â +9.75Â Â Â Â Â Â +1.84%
Corn Mar 2014Â Â Â Â Â Â 549.25Â Â Â Â Â Â +9.25Â Â Â Â Â Â +1.71%
Oats May 2013Â Â Â Â Â Â 412.5Â Â Â Â Â Â +3.5Â Â Â Â Â Â +0.86%
Oats Jul 2013Â Â Â Â Â Â 382Â Â Â Â Â Â +3.5Â Â Â Â Â Â +0.92%
Oats Sep 2013Â Â Â Â Â Â 368.5Â Â Â Â Â Â +1.75Â Â Â Â Â Â +0.48%
Oats Dec 2013Â Â Â Â Â Â 359.75Â Â Â Â Â Â +2.25Â Â Â Â Â Â +0.63%
Oats Mar 2014Â Â Â Â Â Â 365.75Â Â Â Â Â Â +4.25Â Â Â Â Â Â +1.18%
Wheat May 2013Â Â Â Â Â Â 701.5Â Â Â Â Â Â +4.75Â Â Â Â Â Â +0.68%
Wheat Jul 2013Â Â Â Â Â Â 709.75Â Â Â Â Â Â +5.5Â Â Â Â Â Â +0.78%
Wheat Sep 2013Â Â Â Â Â Â 718Â Â Â Â Â Â +5.5Â Â Â Â Â Â +0.77%
Wheat Dec 2013Â Â Â Â Â Â 735Â Â Â Â Â Â +5Â Â Â Â Â Â +0.68%
Wheat Mar 2014Â Â Â Â Â Â 752.5Â Â Â Â Â Â +5.5Â Â Â Â Â Â +0.74%
Minneapolis
Spring Wheat May 2013      857.75      unch      0.00%
Spring Wheat Jul 2013Â Â Â Â Â Â 812.5Â Â Â Â Â Â +3.75Â Â Â Â Â Â +0.46%
Spring Wheat Sep 2013Â Â Â Â Â Â 808.5Â Â Â Â Â Â +3.75Â Â Â Â Â Â +0.47%
Spring Wheat Dec 2013Â Â Â Â Â Â 817Â Â Â Â Â Â +4.75Â Â Â Â Â Â +0.58%
Spring Wheat Mar 2014Â Â Â Â Â Â 827.75Â Â Â Â Â Â +4.5Â Â Â Â Â Â +0.55%
Kansas City
KCBT Red Wheat May 2013Â Â Â Â Â Â 760.5Â Â Â Â Â Â -11Â Â Â Â Â Â -1.43%
KCBT Red Wheat Jul 2013Â Â Â Â Â Â 766.5Â Â Â Â Â Â +7.75Â Â Â Â Â Â +1.02%
KCBT Red Wheat Sep 2013Â Â Â Â Â Â 774.75Â Â Â Â Â Â +7.75Â Â Â Â Â Â +1.01%
KCBT Red Wheat Dec 2013Â Â Â Â Â Â 792.75Â Â Â Â Â Â +8.25Â Â Â Â Â Â +1.05%
KCBT Red Wheat Mar 2014Â Â Â Â Â Â 806.5Â Â Â Â Â Â +8.75Â Â Â Â Â Â +1.10%
Light crude oil nearby futures in New York down 87 cents at $95.17 US per barrel.
The Canadian dollar at noon was 98.93 cents US, up from 98.78 cents the previous trading day. The U.S. dollar at noon was $1.0108 Cdn.
