First a quick note.
For those who subscribe to our Markets Moment email we are sorry that we are having technical difficulties that are affecting display of the prices of the ICE Futures contracts.
We are working to fix these problems in the email and hope to have a solution soon.
This story has the correct ICE Futures prices.
Also, the weekly video crop market is slightly delayed. Watch for it Thursday morning.
Canola rose for a second day on Wednesday with support from a soybean short covering rally.
Read Also

Agriculture chemical company embraces regenerative farming
Johnstone’s Grain sees the sale of regenerative agriculture products as the future
The soybean contract found strength from ideas that the lower prices of late might attract more exports and that it might yet get hot enough to stress the crop in August.
Gains were kept in check by good crop ratings in the United States and generally favour current weather.
Corn traded a few cents a bushel higher. There was no significant news to affect corn.
Wheat futures closed little changed. They were a bit stronger in the early morning but peddled back later as the Euronext wheat contract fell.
It had rallied on concerns about severe wet weather damage in France’s wheat crop but traders now believe the rally was overdone considering better crops elsewhere in Europe and a record crop in Russia.
The high price in France earlier this week already attracted a shipload import of Romanian wheat. It is rare for France to import wheat.
LA NINA UPDATE
The Pacific Ocean cooling that some forecasters expected would develop into a La Nina this summer has slowed its progress and weather models now indicate that if it does form it will not be until the fall. And it will likely be a weak form that has less effect on South American crops.
OUTSIDE MARKETS
The Federal Reserve kept U.S. interest rates unchanged today.
The Toronto Stock Exchange’s S&P/TSX composite index ended the rollercoaster session down 3.46 points, or 0.02 percent, at 14,546.54.
The Dow Jones industrial average finished down just 0.01 percent at 18,472.17 points and the S&P 500 ended down 0.12 percent at 2,166.58.
The Nasdaq Composite added 0.58 percent to 5,139.81.
Light crude oil nearby futures in New York were down $1, closing at US$41.92 per barrel.
The Canadian dollar at noon was US75.64 cents, down from 75.71 cents the previous trading day. The U.S. dollar at noon was C$1.3220.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2016 453.90 +6.80 +1.52%
Canola Jan 2017 461.20 +6.60 +1.45%
Canola Mar 2017 467.30 +6.30 +1.37%
Canola May 2017 471.50 +6.50 +1.40%
Canola Jul 2017 475.40 +6.60 +1.41%
Milling Wheat Oct 2016 207.00 -1.00 -0.48%
Milling Wheat Dec 2016 211.00 -1.00 -0.47%
Durum Wheat Oct 2016 260.00 unch 0.00%
Durum Wheat Dec 2016 263.00 unch 0.00%
Barley Oct 2016 150.00 unch 0.00%
Barley Dec 2016 150.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Aug 2016 1010.50 +17.00 +1.71%
Soybeans Sep 2016 999.75 +14.75 +1.50%
Soybeans Nov 2016 986.00 +12.25 +1.26%
Soybeans Jan 2017 986.25 +11.75 +1.21%
Soybeans Mar 2017 975.00 +11.75 +1.22%
Soybeans May 2017 970.25 +11.25 +1.17%
Soybean Meal Aug 2016 344.80 +3.40 +1.00%
Soybean Meal Sep 2016 345.80 +4.60 +1.35%
Soybean Meal Oct 2016 344.40 +5.30 +1.56%
Soybean Oil Aug 2016 29.53 -0.03 -0.10%
Soybean Oil Sep 2016 29.66 -0.02 -0.07%
Soybean Oil Oct 2016 29.77 -0.03 -0.10%
Corn Sep 2016 335.75 +3.25 +0.98%
Corn Dec 2016 343.00 +3.50 +1.03%
Corn Mar 2017 351.75 +2.75 +0.79%
Corn May 2017 357.00 +2.50 +0.71%
Corn Jul 2017 362.00 +2.50 +0.70%
Oats Sep 2016 197.00 -3.25 -1.62%
Oats Dec 2016 196.75 -2.00 -1.01%
Oats Mar 2017 201.50 -2.25 -1.10%
Oats May 2017 204.50 -3.75 -1.80%
Oats Jul 2017 210.25 -3.75 -1.75%
Wheat Sep 2016 414.75 -0.25 -0.06%
Wheat Dec 2016 441.50 -0.50 -0.11%
Wheat Mar 2017 467.25 -2.00 -0.43%
Wheat May 2017 480.75 -1.50 -0.31%
Wheat Jul 2017 487.75 -1.50 -0.31%
Minneapolis
Spring Wheat Sep 2016 488.25 +1.75 +0.36%
Spring Wheat Dec 2016 503.75 +1.25 +0.25%
Spring Wheat Mar 2017 519.00 +0.50 +0.10%
Spring Wheat May 2017 528.75 unch 0.00%
Spring Wheat Jul 2017 538.75 +0.25 +0.05%
Kansas City
Hard Red Wheat Sep 2016 412.50 +0.50 +0.12%
Hard Red Wheat Dec 2016 438.50 unch 0.00%
Hard Red Wheat Mar 2017 455.50 unch 0.00%
Hard Red Wheat May 2017 466.25 -0.25 -0.05%
Hard Red Wheat Jul 2017 476.25 unch 0.00%
Chicago livestock futures in US¢/pound (rounded to two decimal points)
Live Cattle (P) Aug 2016 113.95 +0.08 +0.07%
Live Cattle (P) Oct 2016 113.05 +0.47 +0.42%
Live Cattle (P) Dec 2016 113.90 +0.55 +0.49%
Feeder Cattle (P) Aug 2016 142.28 -0.17 -0.12%
Feeder Cattle (P) Sep 2016 141.12 +0.09 +0.06%
Feeder Cattle (P) Oct 2016 140.25 +0.03 +0.02%
Lean Hogs (P) Aug 2016 71.68 -2.92 -3.91%
Lean Hogs (P) Oct 2016 61.05 -2.58 -4.05%
Lean Hogs (P) Dec 2016 56.45 -2.05 -3.50%