Canola, soybeans down; wheat mixed

Winnipeg – ICE Futures canola contracts settled lower on Friday, taking some direction from Chicago Board of Trade soybeans and soyoil.

After largely ignoring sharp losses in the soy complex for most of the session, heavy selling came forward in canola in the final 15 minutes.

Large old crop supplies and uncertainty over trade relations with China kept some caution in the market, according to participants.

A lack of significant farmer selling, as producers keep busy with spring seeding, provided some underlying support.

The canola market will be closed Monday for Victoria Day, while United States markets will trade their usual hours. Positioning ahead of the long weekend was a feature.

About 16,823 canola contracts traded on Friday, which compares with Thursday when 17,137 contracts changed hands. Spreading accounted for 7,878 of the contracts trade.

SOYBEAN futures at the Chicago Board of Trade dropped sharply lower on Friday, seeing a correction after posting gains the previous three sessions.

The slow pace of spring seeding across the United States Midwest has traders expecting some intended corn acres will switch to soybeans, as beans can go in the ground later.

The continued lack of progress on trade talks with China also weighed on values. Poor export demand, rising South American production estimates and ample old crop stocks all added to the bearish tone in beans.

However, gains in corn provided some support.

CORN was up as spring seeding is running well behind normal and forecasts calling for heavy rain across the Midwest will cause further delays.

With crop insurance deadlines looming, some acres will likely go unseeded or switch to soybeans instead.

The wet conditions are also less than ideal for those fields that were seeded, and yields could be hurt depending on what happens over the growing season.

WHEAT futures were mixed, with gains in the Kansas City and Minneapolis contracts, and losses in Chicago soft wheat.

The rains causing seeding delays for corn are also starting to lead to disease concerns for wheat in some areas, with the chance of harvest delays also supportive

Spring wheat seeding in the northern states also remains behind normal.


Light crude oil nearby futures in New York were US$62.71 per barrel.

In the afternoon, the Canadian dollar was trading around US74.31 cents. The U.S. dollar was C$1.3457


Winnipeg ICE Futures Canada dollars per tonne.

Name / Contract Last Change % Change

Canola Jul 19 443.20s -3.80 -0.85%

Canola Nov 19 455.20s -3.80 -0.83%

Canola Jan 20 460.80s -3.90 -0.84%

Canola Mar 20 466.20s -3.80 -0.81%

Canola May 20 471.00s -3.80 -0.80%


American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound. Prices are displayed with fractions (2/8, 4/8, and 6/8) instead of decimals. -2 equals .25, -4 equals .50, -6 equals .75. The “s” means it is the settlement.



Soybean Jul 19 821-6s -18-0 -2.14%

Soybean Aug 19 828-2s -18-2 -2.16%

Soybean Sep 19 834-6s -17-6 -2.08%

Soybean Nov 19 847-2s -17-4 -2.02%

Soybean Jan 20 859-4s -17-6 -2.02%


Soybean Meal Jul 19 294.3s -7.6 -2.52%

Soybean Meal Aug 19 296.0s -7.4 -2.44%

Soybean Meal Sep 19 297.9s -7.2 -2.36%


Soybean Oil Jul 19 27.22s -0.50 -1.80%

Soybean Oil Aug 19 27.35s -0.49 -1.76%

Soybean Oil Sep 19 27.48s -0.48 -1.72%


Corn Jul 19 383-2s +4-2 +1.12%

Corn Sep 19 390-4s +3-4 +0.90%

Corn Dec 19 398-2s +1-6 +0.44%

Corn Mar 20 407-6s +1-2 +0.31%

Corn May 20 413-2s +1-0 +0.24%


Oats Jul 19 294-0s -0-2 -0.08%

Oats Sep 19 280-2s +1-0 +0.36%

Oats Dec 19 271-6s +0-6 +0.28%

Oats Mar 20 271-2s +0-6 +0.28%

Oats May 20 267-0s unch unch


Wheat Jul 19 465-0s -2-0 -0.43%

Wheat Sep 19 471-2s -2-2 -0.48%

Wheat Dec 19 484-2s -2-0 -0.41%

Wheat Mar 20 496-6s -2-0 -0.40%

Wheat May 20 503-6s -2-0 -0.40%



Spring Wheat Jul 19 527-6s +1-0 +0.19%

Spring Wheat Sep 19 536-6s +1-0 +0.19%

Spring Wheat Dec 19 548-6s +1-4 +0.27%

Spring Wheat Mar 20 562-0s +1-4 +0.27%

Spring Wheat May 20 570-0s +0-2 +0.04%


Kansas City

Hard Red Wheat Jul 19 420-2s +3-4 +0.84%

Hard Red Wheat Sep 19 431-0s +3-2 +0.76%

Hard Red Wheat Dec 19 452-0s +3-2 +0.72%

Hard Red Wheat Mar 20 472-2s +2-2 +0.48%

Hard Red Wheat May 20 486-2s +1-4 +0.31%


Live Cattle   Jun 19 111.275s +0.800 +0.72%

Live Cattle   Aug 19 108.925s +0.975 +0.90%

Live Cattle   Oct 19 108.900s +1.000 +0.93%


Feeder Cattle   May 19 134.525s +0.300 +0.22%

Feeder Cattle   Aug 19 145.500s +2.175 +1.52%

Feeder Cattle   Sep 19 146.700s +2.475 +1.72%


Lean Hogs   Jun 19 92.375s +0.150 +0.16%

Lean Hogs   Jul 19 93.000s +0.600 +0.65%

Lean Hogs   Aug 19 93.950s +0.650 +0.70%

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