Lingering hope that Europe is addressing its debt crisis, plus indications of reviving consumer confidence in the U.S. pushed markets higher, including canola.
Feeling that European countries were getting a better policy response to their debt problems caused the U.S. dollar to fall.
Commodity funds are rolling out of nearby January futures to March contract.
This report will be updated later when the canola basis is available and after the stock markets close.
Winnipeg (per tonne)
Canola Jan 12 $507.20, up $3.80 (+0.75%)
Canola Mar 12 $509.00, up $2.60 (+0.51%)
Canola May 12 $509.20, up $1.80 (+0.35%)
Canola Jul 12 $510.60, up $0.80 (+0.16%)
Western Barley Dec 11 $217.00, unchanged
Chicago (per bushel)
Soybeans Jan 12 $11.25, up 4.0 cents (+0.36%)
Soybeans Mar 12 $11.35, up 4.0 (+0.35%)
Soybeans May 12 $11.4475, up 4.0 (+0.35%)
Corn Dec 11 $5.98, up 6.25 (+1.06%)
Corn Mar 12 $6.055, up 7.0 (+1.17%)
Oats Dec 11 $3.175, up 20.5 (+6.90%)
Oats Mar 12 $3.075, up 13.5 (+4.59%)
Minneapolis (per bushel)
Spring Wheat Dec 11 $8.3875, up 7.75 cents (+0.93%)
Spring Wheat Mar 12 $8.335, up 18.0 (+2.21%)
Spring Wheat May 12 $8.145, up 17.75 (+2.23%)
Nearby light crude oil in New York rose $1.58 to $99.79 per barrel.
The Canadian dollar at noon was 97.13 cents US, up from 96.83 the previous trading day. The U.S. dollar at noon was $1.0296 Cdn.
