Canola ticks lower in thin trade

WINNIPEG (CNS) – Canola contracts on the ICE Futures Canada platform were lower at 10:37 CST on Wednesday, in sympathy with the U.S. soy complex.

There is widespread speculation that yields and production numbers for the U.S. soybean crop will be raised in Friday’s USDA report, which was bearish.

Rain in Brazil has improved growing conditions for soybeans.

The Canadian dollar continues to sit above the psychologically-important 80 U.S. cent mark, which makes canola less attractive to out-of-country buyers.

However, gains in Malaysian palm oil futures helped prop up prices.

There are forecasts calling for hot and dry weather to return to Argentina, which was mildly supportive.

About 3,900 canola contracts had traded as of 10:37 CST.

Prices in Canadian dollars per metric ton at 10:37 CST:

Futures Prices as of January 10, 2018

 

Winnipeg ICE Futures Canada dollars per tonne.

Canola Jan 18 487.50s -2.80 -0.57%

Canola Mar 18 493.60s -2.80 -0.56%

Canola May 18 501.10s -3.20 -0.63%

Canola Jul 18 506.20s -3.50 -0.69%

Canola Nov 18 500.30s -2.50 -0.50%

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

Soybeans Jan 18 947-0s -8-6 -0.92%

Soybeans Mar 18 955-0s -8-6 -0.91%

Soybeans May 18 966-0s -8-4 -0.87%

Soybeans Jul 18 975-2s -8-4 -0.86%

Soybeans Aug 18 978-2s -8-2 -0.84%

 

Soybean Meal Jan 18 312.9s -1.6 -0.51%

Soybean Meal Mar 18 316.4s -1.8 -0.57%

Soybean Meal May 18 319.4s -1.7 -0.53%

 

Soybean Oil Jan 18 33.29s -0.26 -0.77%

Soybean Oil Mar 18 33.45s -0.25 -0.74%

Soybean Oil May 18 33.60s -0.26 -0.77%

 

Corn Mar 18 349-0s unch unch

Corn May 18 357-0s -0-2 -0.07%

Corn Jul 18 365-0s -0-4 -0.14%

Corn Sep 18 373-0s -0-4 -0.13%

Corn Dec 18 382-6s +0-2 +0.07%

 

Oats Mar 18 251-0s +2-0 +0.80%

Oats May 18 251-4s +2-4 +1.00%

Oats Jul 18 254-0s +2-4 +0.99%

Oats Sep 18 251-0s +1-4 +0.60%

Oats Dec 18 252-6s +1-6 +0.70%

Wheat Mar 18 434-2s +2-0 +0.46%

Wheat May 18 447-6s +2-4 +0.56%

Wheat Jul 18 460-4s +3-0 +0.66%

Wheat Sep 18 474-2s +3-0 +0.64%

Wheat Dec 18 492-4s +3-2 +0.66%

 

Minneapolis

Spring Wheat Mar 18 634-0s +3-2 +0.52%

Spring Wheat May 18 639-2s +3-4 +0.55%

Spring Wheat Jul 18 642-2s +3-2 +0.51%

Spring Wheat Sep 18 631-2s +2-2 +0.36%

Spring Wheat Dec 18 639-6s +1-4 +0.24%

 

Kansas City

Hard Red Wheat Mar 18 440-4s +1-4 +0.34%

Hard Red Wheat May 18 454-0s +1-4 +0.33%

Hard Red Wheat Jul 18 469-4s +1-4 +0.32%

Hard Red Wheat Sep 18 485-6s +1-6 +0.36%

Hard Red Wheat Dec 18 505-6s +1-6 +0.35%

 

Chicago livestock futures in US¢/pound, Pit trade

Live Cattle  Feb 18 116.875s -0.800 -0.68%

Live Cattle  Apr 18 118.675s -0.850 -0.71%

Live Cattle  Jun 18 110.775s -0.900 -0.81%

 

Feeder Cattle  Jan 18 144.375s -1.100 -0.76%

Feeder Cattle  Mar 18 142.225s -0.525 -0.37%

Feeder Cattle  Apr 18 142.350s -0.325 -0.23%

 

Lean Hogs  Feb 18 72.525s -0.650 -0.89%

Lean Hogs  Apr 18 75.775s -1.000 -1.30%

Lean Hogs  May 18 80.250s -0.700 -0.86%

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