Canola futures edged higher Thursday, supported by lack of farmer selling and a slight rise in old crop soybeans.
The cold spring and expected late start to seeding is supporting new crop canola prices.
Wheat bounced back a little from Wednesday’s losses. Freezing weather in Oklahoma and Kansas likely caused some damage to winter wheat at the jointing stage.
Old crop soybeans were stronger on good demand for tight stocks but new crop slipped a little on expectations for a large 2013 crop.
Read Also
U.S. grains: Corn, soybeans tick higher ahead of USDA report
Chicago | Reuters – Chicago corn and soybeans futures rose on Thursday as traders squared positions before a government crop…
Oats posted a fifth day of increases, continuing to claw back from the crash that followed the larger than expected U.S. March 1 corn stocks report issued March 28.
Reuters reported today that cold weather in Europe is delaying seeding of spring barley past the ideal window and that could limit yields. The cold weather in March in Europe might have damaged some rapeseed there.
While it is cold in the central U.S. and some places are getting snow, moisture levels are improving. Much of Illinois, Iowa, Missouri and eastern Kansas have received between one and two inches of moisture in the past two days. Western Kansas and Oklahoma remain dry.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2013Â Â Â Â Â Â 625.30Â Â Â Â Â Â +2.20Â Â Â Â Â Â +0.35%
Canola Jul 2013Â Â Â Â Â Â 612.50Â Â Â Â Â Â +2.10Â Â Â Â Â Â +0.34%
Canola Nov 2013Â Â Â Â Â Â 561.00Â Â Â Â Â Â +2.90Â Â Â Â Â Â +0.52%
Canola Jan 2014Â Â Â Â Â Â 560.10Â Â Â Â Â Â +2.00Â Â Â Â Â Â +0.36%
Canola Mar 2014Â Â Â Â Â Â 553.60Â Â Â Â Â Â +2.50Â Â Â Â Â Â +0.45%
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      310.80      unch      0.00%
Durum Wheat Jul 2013      313.80      unch      0.00%
Durum Wheat Oct 2013      299.10      unch      0.00%
Barley May 2013      243.50      unch      0.00%
Barley Jul 2013Â Â Â Â Â Â 234.00Â Â Â Â Â Â -10.00Â Â Â Â Â Â -4.10%
Barley Oct 2013Â Â Â Â Â Â 234.00Â Â Â Â Â Â -10.00Â Â Â Â Â Â -4.10%
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 1402Â Â Â Â Â Â +9.25Â Â Â Â Â Â +0.66%
Soybeans Jul 2013Â Â Â Â Â Â 1368.25Â Â Â Â Â Â +0.75Â Â Â Â Â Â +0.05%
Soybeans Aug 2013Â Â Â Â Â Â 1331Â Â Â Â Â Â -5Â Â Â Â Â Â -0.37%
Soybeans Sep 2013Â Â Â Â Â Â 1267.25Â Â Â Â Â Â -9.25Â Â Â Â Â Â -0.72%
Soybeans Nov 2013Â Â Â Â Â Â 1226.75Â Â Â Â Â Â -10.75Â Â Â Â Â Â -0.87%
Soybeans Jan 2014Â Â Â Â Â Â 1233Â Â Â Â Â Â -10.5Â Â Â Â Â Â -0.84%
Soybean Meal May 2013Â Â Â Â Â Â 395Â Â Â Â Â Â +2.1Â Â Â Â Â Â +0.53%
Soybean Meal Jul 2013Â Â Â Â Â Â 392.9Â Â Â Â Â Â +1.1Â Â Â Â Â Â +0.28%
Soybean Meal Aug 2013Â Â Â Â Â Â 380.2Â Â Â Â Â Â -0.5Â Â Â Â Â Â -0.13%
Soybean Oil May 2013Â Â Â Â Â Â 49.77Â Â Â Â Â Â -0.26Â Â Â Â Â Â -0.52%
Soybean Oil Jul 2013Â Â Â Â Â Â 49.96Â Â Â Â Â Â -0.27Â Â Â Â Â Â -0.54%
Soybean Oil Aug 2013Â Â Â Â Â Â 49.9Â Â Â Â Â Â -0.34Â Â Â Â Â Â -0.68%
Corn May 2013Â Â Â Â Â Â 651.25Â Â Â Â Â Â +2.25Â Â Â Â Â Â +0.35%
Corn Jul 2013Â Â Â Â Â Â 633.5Â Â Â Â Â Â +1Â Â Â Â Â Â +0.16%
Corn Sep 2013Â Â Â Â Â Â 567Â Â Â Â Â Â +0.25Â Â Â Â Â Â +0.04%
Corn Dec 2013Â Â Â Â Â Â 544Â Â Â Â Â Â +1Â Â Â Â Â Â +0.18%
Corn Mar 2014Â Â Â Â Â Â 554Â Â Â Â Â Â +0.75Â Â Â Â Â Â +0.14%
Oats May 2013Â Â Â Â Â Â 373.75Â Â Â Â Â Â +4.5Â Â Â Â Â Â +1.22%
Oats Jul 2013Â Â Â Â Â Â 367.25Â Â Â Â Â Â +5.25Â Â Â Â Â Â +1.45%
Oats Sep 2013Â Â Â Â Â Â 363.5Â Â Â Â Â Â +4.75Â Â Â Â Â Â +1.32%
Oats Dec 2013Â Â Â Â Â Â 360.5Â Â Â Â Â Â +4.75Â Â Â Â Â Â +1.34%
Oats Mar 2014Â Â Â Â Â Â 362.25Â Â Â Â Â Â +7.75Â Â Â Â Â Â +2.19%
Chicago soft red winter
Wheat May 2013Â Â Â Â Â Â 697.75Â Â Â Â Â Â +1Â Â Â Â Â Â +0.14%
Wheat Jul 2013Â Â Â Â Â Â 703.25Â Â Â Â Â Â +0.25Â Â Â Â Â Â +0.04%
Wheat Sep 2013Â Â Â Â Â Â 709.5Â Â Â Â Â Â -2.25Â Â Â Â Â Â -0.32%
Wheat Dec 2013Â Â Â Â Â Â 723.75Â Â Â Â Â Â -2.5Â Â Â Â Â Â -0.34%
Wheat Mar 2014Â Â Â Â Â Â 737.75Â Â Â Â Â Â -2.5Â Â Â Â Â Â -0.34%
Minneapolis hard red spring
Spring Wheat May 2013Â Â Â Â Â Â 789.5Â Â Â Â Â Â +5Â Â Â Â Â Â +0.64%
Spring Wheat Jul 2013Â Â Â Â Â Â 784.5Â Â Â Â Â Â +2.5Â Â Â Â Â Â +0.32%
Spring Wheat Sep 2013Â Â Â Â Â Â 784.25Â Â Â Â Â Â +2.5Â Â Â Â Â Â +0.32%
Spring Wheat Dec 2013Â Â Â Â Â Â 794.5Â Â Â Â Â Â +2Â Â Â Â Â Â +0.25%
Spring Wheat Mar 2014Â Â Â Â Â Â 809.25Â Â Â Â Â Â +3Â Â Â Â Â Â +0.37%
Kansas City hard red winter
KCBT Red Wheat May 2013Â Â Â Â Â Â 738.75Â Â Â Â Â Â +8.75Â Â Â Â Â Â +1.20%
KCBT Red Wheat Jul 2013Â Â Â Â Â Â 746.5Â Â Â Â Â Â +8.5Â Â Â Â Â Â +1.15%
KCBT Red Wheat Sep 2013Â Â Â Â Â Â 758.75Â Â Â Â Â Â +7.5Â Â Â Â Â Â +1.00%
KCBT Red Wheat Dec 2013Â Â Â Â Â Â 774Â Â Â Â Â Â +6.25Â Â Â Â Â Â +0.81%
KCBT Red Wheat Mar 2014Â Â Â Â Â Â 786.75Â Â Â Â Â Â +5.75Â Â Â Â Â Â +0.74%
Light crude oil nearby futures in New York down $1.13 at $93.51 US per barrel. Oil prices fell to around an eight-month low after analysts cut their global demand outlook for the commodity.
The Canadian dollar at noon was 98.94 cents US, up from 98.52 cents the previous trading day. The U.S. dollar at noon was $1.0107 Cdn.
The TSX fell due to the lower oil price and weakness in Blackberry but U.S. stocks rose for a fourth straight day.
The Dow and the S&P 500 hit new record highs on positive U.S. jobs market data and forecasts for stronger retail sales.
Nasdaq’s gains were limited by an industry report showing shipments of personal computers dropped in the first quarter.
The Toronto Stock Exchange’s S&P/TSX composite index fell 46.82 points, or 0.37 percent, to close at 12,488.09.
The Dow Jones industrial average was up 63.17 points, or 0.43 percent, at 14,865.41.
The Standard & Poor’s 500 Index rose 6.30 points, or 0.40 percent, to close at 1,594.03.
The Nasdaq Composite Index was up 1.69 points, or 0.05 percent, at 3,298.94.
