OTTAWA, (Reuters) – ICE canola futures rose on Monday.
Canola was trading on its own strength and was not really following soybean oil, in part, because of the weak Canadian dollar, a trader said, adding that from a technical standpoint canola is starting to look a bit more bullish. There were also strong canola exports to Europe in the past week.
May canola gained $4.60 to $467.50 per tonne.
The Canadian dollar weakened against its U.S. counterpart as the price of oil fell and the greenback climbed against a basket of other major currencies.
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OUTSIDE MARKETS
Light crude oil nearby futures in New York was down $1.42 at US$20.09 per barrel.
In the afternoon, the Canadian dollar was trading around US70.64 cents, up from $71.14 cents the previous trading day. The U.S. dollar was C$1.4156.
Winnipeg ICE Futures Canada dollars per tonne.
Canola May 20 467.50s +4.60 +0.99%
Canola Jul 20 476.40s +4.60 +0.97%
Canola Nov 20 485.90s +4.30 +0.89%
Canola Jan 21 491.20s +3.30 +0.68%
Canola Mar 21 496.30s +2.70 +0.55%
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.
Chicago
Soybean May 20 882-2s +0-6 +0.09%
Soybean Jul 20 886-4s +1-2 +0.14%
Soybean Aug 20 886-0s +0-2 +0.03%
Soybean Sep 20 877-6s -1-2 -0.14%
Soybean Nov 20 874-4s -2-2 -0.26%
Soybean Meal May 20 325.5s +2.4 +0.74%
Soybean Meal Jul 20 320.9s +1.2 +0.38%
Soybean Meal Aug 20 315.0s +0.9 +0.29%
Soybean Oil May 20 26.87s +0.02 +0.07%
Soybean Oil Jul 20 27.23s +0.01 +0.04%
Soybean Oil Aug 20 27.40s +0.01 +0.04%
Corn May 20 341-2s -4-6 -1.37%
Corn Jul 20 347-4s -4-2 -1.21%
Corn Sep 20 352-0s -4-0 -1.12%
Corn Dec 20 359-6s -4-4 -1.24%
Corn Mar 21 369-2s -4-6 -1.27%
Oats May 20 261-4s -4-0 -1.51%
Oats Jul 20 263-6s +0-2 +0.09%
Oats Sep 20 259-4s +1-6 +0.68%
Oats Dec 20 256-0s +2-4 +0.99%
Oats Mar 21 260-0s +2-4 +0.97%
Wheat May 20 569-4s -1-6 -0.31%
Wheat Jul 20 558-2s +1-0 +0.18%
Wheat Sep 20 559-0s +2-2 +0.40%
Wheat Dec 20 566-6s +3-4 +0.62%
Wheat Mar 21 572-0s +5-6 +1.02%
Minneapolis
Spring Wheat May 20 534-6s -2-2 -0.42%
Spring Wheat Jul 20 544-4s -1-0 -0.18%
Spring Wheat Sep 20 553-2s -0-4 -0.09%
Spring Wheat Dec 20 563-6s unch unch
Spring Wheat Mar 21 574-2s -0-2 -0.04%
Kansas City
Hard Red Wheat May 20 486-6s unch unch
Hard Red Wheat Jul 20 492-6s +1-2 +0.25%
Hard Red Wheat Sep 20 499-6s +1-2 +0.25%
Hard Red Wheat Dec 20 510-6s +1-2 +0.25%
Hard Red Wheat Mar 21 520-6s +2-6 +0.53%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Apr 20 99.200s -1.750 -1.73%
Live Cattle Jun 20 89.075s -0.350 -0.39%
Live Cattle Aug 20 90.625s +0.175 +0.19%
Feeder Cattle Apr 20 120.050s -0.550 -0.46%
Feeder Cattle May 20 120.900s -0.025 -0.02%
Feeder Cattle Aug 20 126.925s -0.175 -0.14%
Lean Hogs Apr 20 53.950s -4.500 -7.70%
Lean Hogs May 20 53.125s -4.500 -7.81%
Lean Hogs Jun 20 59.775s -4.475 -6.96%
