Canola futures closed up on Monday but off the high point set during morning trade.
Stronger Malaysian palm oil exports lifted palm prices and that in turn helped lift canola futures on Monday. Unconfirmed talk of new export business also supported canola.
Soybean futures edged higher, partly as a result of the wind down of the U.S. harvest and a decrease in deliveries from the combine.
Wheat was up on hopes that Ukraine and Russia will soon be forced by tight supplies to stop exporting, meaning buyers will have to turn to North America for supply.
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November canola closed at $615.20, up $3.30.
January canola closed at $614.20, up $3.60.
After the close, USDA reported that 80 percent of the U.S. soy crop and 87 percent of the corn crop are now harvested. That is significantly ahead of the five-year average.
The winter wheat crop is 81 percent planted, about equal with the five-year average.
Emergence at 49 percent is running behind the five-year average of 56 percent, but recent rain has helped get crops in southern Kansas and Oklahoma going.
Winnipeg (per tonne)
Canola Nov 12 $615.20, up $3.30 +0.54%
Canola Jan 13 $614.20, up $3.60 +0.59%
Canola Mar 13 $612.70, up $3.60 +0.59%
Canola May 13 $606.40, up $2.60 +0.43%
Milling Wheat Dec 12 $307.50, up $2.90 +0.95%
Milling Wheat Mar 13 $317.00, up $2.90 +0.92%
Milling Wheat May 13 $320.00, up $2.90 +0.91%
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 $15.465, up 12.25 cents +0.80%
Soybeans (P) Jan 13 $15.4925, up 12.75 +0.83%
Soybeans (P) Mar 13 $15.1775, up 8.5 +0.56%
Soybeans (P) May 13 $14.74, up 10.25 +0.70%
Corn (P) Dec 12 $7.6125, down 0.25 -0.03%
Corn (P) Mar 13 $7.5925, down 0.25 -0.03%
Corn (P) May 13 $7.5325, down 0.5 -0.07%
Oats (P) Dec 12 $3.955, up 1.25 +0.32%
Oats (P) Mar 13 $3.99, up 1.0 +0.25%
Oats (P) May 13 $3.9775, down 1.0 -0.25%
Minneapolis (per bushel)
Spring Wheat Dec 12 $9.475, up 5.0 cents +0.53%
Spring Wheat Mar 13 $9.48, up 5.25 +0.56%
Spring Wheat May 13 $9.54, up 6. +0.63%
Spring Wheat Jul 13 $9.50, up 5.5 +0.58%
Nearby crude oil in New York fell $1.32 to $88.73 per barrel.
The Bank of Canada noon rate for the loonie is $1.0062 US, down slightly from $1.0068 on Friday.
The U.S. buck is 99.38 cents Cdn.
In early tallies:
The Toronto Stock Exchange’s S&P/TSX composite index fell 12.44 points, or 0.1 percent, to close at 12,403.54.
The Dow Jones industrial average edged up 2.38 points, or 0.02 percent, to close at 13,345.89.
The Standard & Poor’s 500 Index was almost unchanged, climbing just 0.62 of a point, or 0.04 percent, to finish at 1,433.81.
The Nasdaq Composite Index gained 11.33 points, or 0.38 percent, to close at 3,016.96.
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