Canola futures spent much of the day higher but the November contract closed down $1.10 or 0.2 percent, weighed down by slightly lower vegetable oil futures
Wheat edged higher on short covering after heavy losses on Monday tied to ideas that American wheat was becoming uncompetitive on the world market.
Corn also closed slightly higher.
Vegetable oil futures were weighed down by a 2.2 percent drop in palm oil.
Palm rallied on Monday hitting a 2 ½ year high on news that Malaysian output was down 11 percent in September compared to the previous year, but today that data was revised to a 3.9 percent increase, forcing the price to sell off.
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Light crude oil nearby futures in New York were down 56 cents to US$49.96 per barrel.
The Canadian dollar at noon was US75.00 cents, up from 74.69 cents the previous trading day. The U.S. dollar at noon was C$1.3352.
The weaker oil price weighed down the Toronto stock market.
The Toronto Stock Exchange’s S&P/TSX composite index fell 52.38 points, or 0.35 percent, at 14,870.63.
Wall Street indexes were down on disappointing quarterly results from Whirlpool and Sherwin Williams that could indicate a slowing in the housing market.
The Dow Jones industrial average fell 53.76 points, or 0.3 percent, to 18,169.27, the S&P 500 lost 8.17 points, or 0.38 percent, to 2,143.16 and the Nasdaq Composite fell 26.43 points, or 0.5 percent, to 5,283.40.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 16 507.00 -1.10 -0.22%
Canola Jan 17 513.70 -0.40 -0.08%
Canola Mar 17 519.00 -0.20 -0.04%
Canola May 17 521.00 +0.10 +0.02%
Canola Jul 17 519.40 +0.50 +0.10%
Milling Wheat Dec 16 236.00 unch unch
Milling Wheat Mar 17 240.00 -2.00 -0.83%
Milling Wheat May 17 244.00 -2.00 -0.81%
Durum Wheat Dec 16 309.00 unch unch
Durum Wheat Mar 17 318.00 unch unch
Durum Wheat May 17 322.00 unch unch
Barley Dec 16 132.50 unch unch
Barley Mar 17 134.50 unch unch
Barley May 17 135.50 unch unch
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Nov 2016 990.75 -1.25 -0.13%
Soybeans Jan 2017 1002.25 unch 0.00%
Soybeans Mar 2017 1009.50 +0.50 +0.05%
Soybeans May 2017 1016.25 +0.75 +0.07%
Soybeans Jul 2017 1021.25 +0.75 +0.07%
Soybeans Aug 2017 1019.75 +1.50 +0.15%
Soybean Meal Dec 2016 308.20 +0.90 +0.29%
Soybean Meal Jan 2017 309.60 +0.80 +0.26%
Soybean Meal Mar 2017 311.20 +0.90 +0.29%
Soybean Oil Dec 2016 35.80 -0.19 -0.53%
Soybean Oil Jan 2017 36.05 -0.20 -0.55%
Soybean Oil Mar 2017 36.22 -0.23 -0.63%
Corn Dec 2016 349.25 +1.00 +0.29%
Corn Mar 2017 359.00 +1.00 +0.28%
Corn May 2017 366.00 +1.00 +0.27%
Corn Jul 2017 372.50 +1.25 +0.34%
Corn Sep 2017 379.25 +1.25 +0.33%
Oats Dec 2016 212.00 -1.25 -0.59%
Oats Mar 2017 209.00 +0.25 +0.12%
Oats May 2017 210.00 +1.50 +0.72%
Oats Jul 2017 211.50 +2.50 +1.20%
Oats Sep 2017 220.00 +2.00 +0.92%
Wheat Dec 2016 404.25 +1.75 +0.43%
Wheat Mar 2017 426.75 +2.25 +0.53%
Wheat May 2017 442.75 +1.75 +0.40%
Wheat Jul 2017 455.75 +2.50 +0.55%
Wheat Sep 2017 470.75 +3.00 +0.64%
Minneapolis
Spring Wheat Dec 2016 524.00 -0.75 -0.14%
Spring Wheat Mar 2017 528.75 -1.00 -0.19%
Spring Wheat May 2017 535.00 -1.00 -0.19%
Spring Wheat Jul 2017 541.00 -1.75 -0.32%
Spring Wheat Sep 2017 547.25 -2.50 -0.45%
Kansas
Hard Red Wheat Dec 2016 413.50 +1.00 +0.24%
Hard Red Wheat Mar 2017 431.50 +1.00 +0.23%
Hard Red Wheat May 2017 443.25 +0.50 +0.11%
Hard Red Wheat Jul 2017 453.75 +0.25 +0.06%
Hard Red Wheat Sep 2017 467.50 +0.50 +0.11%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Oct 2016 102.72 -0.41 -0.40%
Live Cattle (P) Dec 2016 103.90 -0.35 -0.34%
Live Cattle (P) Feb 2017 104.55 -0.08 -0.08%
Feeder Cattle (P) Oct 2016 121.55 -0.83 -0.68%
Feeder Cattle (P) Nov 2016 122.65 +0.13 +0.11%
Feeder Cattle (P) Jan 2017 117.70 -0.38 -0.32%
Lean Hogs (P) Dec 2016 44.62 +1.42 +3.29%
Lean Hogs (P) Feb 2017 51.38 +1.68 +3.38%
Lean Hogs (P) Apr 2017 58.73 +1.21 +2.10%
