If Monday hadn’t happened, crop prices wouldn’t be much different.
Canola prices were up ten cents per tonne for both March and May futures contracts, or a change of .02 percent, at Monday’s close. Spring wheat fell a penny a bushel on nearby contracts, and other wheat contracts rose a penny or two.
However, oats did the opposite, falling three to four cents on nearby contracts.
The biggest mover and shaker of the day was March corn, which rose 5.5 cents.
Meats were more exciting, with lean hogs taking another beating and falling 3.43 percent while feeder cattle rose 2.23 percent. Hog futures are at lows not seen since 2009.
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Crude oil futures rose again, with more than a dollar gain in West Texas Intermediate to almost $53 per barrel.
Corn’s relative strength on such a milquetoast day was attributed to decent export inspections, with a six percent increase over last week.
While the strength of the U.S. dollar is hurting U.S. dollar-denominated futures prices, cheap ocean freight and train diesel fuel prices are softening the blow, keeping crop prices competitive.
Light crude oil nearby futures in New York were up $1.17 to US$52.86 per barrel.
The Canadian dollar at noon was US80.33 cents, up from US79.85 cents the previous trading day. The U.S. dollar at noon was C$1.2448.
After strong gains last week, U.s. stock markets were lower today on economic worries about Greece and China.
The Dow Jones industrial average fell 95.08 points, or 0.53 percent, to 17,729.21, the S&P 500 lost 8.73 points, or 0.42 percent, to 2,046.74 and the Nasdaq Composite dropped 18.39 points, or 0.39 percent, to 4,726.01.
The stronger crude price helped the Toronto Stock Exchange’s S&P/TSX composite index close up 16.78 points, or 0.11 percent, at 15,100.70.
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 2015 459.70 +0.10 +0.02%
Canola May 2015 456.10 +0.10 +0.02%
Canola Jul 2015 452.30 +0.30 +0.07%
Canola Nov 2015 442.00 +1.10 +0.25%
Canola Jan 2016 443.50 +1.10 +0.25%
Milling Wheat Mar 2015 225.00 -2.00 -0.88%
Milling Wheat May 2015 235.00 -2.00 -0.84%
Milling Wheat Jul 2015 238.00 -2.00 -0.83%
Durum Wheat Mar 2015 333.00 -16.00 -4.58%
Durum Wheat May 2015 323.00 -16.00 -4.72%
Durum Wheat Jul 2015 313.00 -16.00 -4.86%
Barley Mar 2015 195.00 unch 0.00%
Barley May 2015 197.00 unch 0.00%
Barley Jul 2015 199.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2015 978.5 +5 +0.51%
Soybeans May 2015 985 +5 +0.51%
Soybeans Jul 2015 990.75 +5.25 +0.53%
Soybeans Aug 2015 990.25 +5 +0.51%
Soybeans Sep 2015 975.5 +4.75 +0.49%
Soybean Meal Mar 2015 329.6 +0.2 +0.06%
Soybean Meal May 2015 323 -0.1 -0.03%
Soybean Meal Jul 2015 320.9 +0.2 +0.06%
Soybean Oil Mar 2015 32.01 +0.19 +0.60%
Soybean Oil May 2015 32.22 +0.18 +0.56%
Soybean Oil Jul 2015 32.41 +0.19 +0.59%
Corn Mar 2015 391.25 +5.5 +1.43%
Corn May 2015 399.5 +5.5 +1.40%
Corn Jul 2015 406.75 +5.25 +1.31%
Corn Sep 2015 413 +4.75 +1.16%
Corn Dec 2015 421.25 +4.5 +1.08%
Oats Mar 2015 279.5 -4 -1.41%
Oats May 2015 281.5 -3.5 -1.23%
Oats Jul 2015 283.75 -2 -0.70%
Oats Sep 2015 288.5 -2.5 -0.86%
Oats Dec 2015 287.75 -1 -0.35%
Wheat Mar 2015 529.75 +2.75 +0.52%
Wheat May 2015 530.25 +1.25 +0.24%
Wheat Jul 2015 533.5 +2.25 +0.42%
Wheat Sep 2015 541 +2.25 +0.42%
Wheat Dec 2015 553.25 +2.5 +0.45%
Minneapolis
Spring Wheat Mar 2015 576 -1 -0.17%
Spring Wheat May 2015 579.75 -1 -0.17%
Spring Wheat Jul 2015 586 -0.75 -0.13%
Spring Wheat Sep 2015 594.25 -0.25 -0.04%
Spring Wheat Dec 2015 603.75 +0.25 +0.04%
Kansas City
Hard Red Wheat Mar 2015 563.5 +1.75 +0.31%
Hard Red Wheat May 2015 566.25 +1.25 +0.22%
Hard Red Wheat Jul 2015 570 +2.75 +0.48%
Hard Red Wheat Sep 2015 580.75 +2.25 +0.39%
Hard Red Wheat Dec 2015 595.5 +1.75 +0.29%
