Grain prices were again little changed with canola closing the day up slightly.
Wheat stabilized after sharp declines the past two days.
Recent wet, cool weather in large parts of the Prairies, including snow in Alberta and southwestern Saskatchewan, has stalled harvest for many.
Warmer, drier weather is on tap for the rest of this week and then cooler weather again starting Saturday-Sunday.
Rallies will be difficult to spark with the U.S. harvest on-going and anecdotal reports of higher than expected yields.
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Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion
An Agriculture Canada entomologist is experimenting with trap crops and marigolds at an Ag in Motion demonstration cropplot
SOUTH AMERICA
Farmers in parts of Argentina are concerned about wet fields as they prepare for seeding. More rain is expected in the first half of October in northern Argentina and southern Brazil.
Dry areas of central Brazil got rain in the past week but coverage was spotty.
US TRANSPORTATION
Grain transportation on the U.S. Mississippi system is hampered by low water levels, back ups at aging locks and increased demand as harvest rolls in. The backups have barge companies raising their tariffs and grain companies widening their basis.
US WHEAT SOWING
U.S. winter wheat planting is running behind the normal pace. Nationally, as of Sunday 36 percent is in the ground, behind the five-year average of 43 percent.
Kansas, the biggest hard red winter wheat producer, is at 21 percent, behind the average of 39 percent.
The southern plains have received a lot of rain in recent weeks, delaying seeding, but setting up conditions for good germination.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were down 16 cents at US$50.42 per barrel.
In the afternoon, the Canadian dollar was trading around US80.09 cents, up from 79.92 cents the previous trading day. The U.S. dollar was C$1.2586.
Toronto Stock Exchange’s S&P/TSX composite index was up 23.51 points, or 0.15 percent, at 15,728.51.
News that U.S. car makers sold a record number of vehicles in September helped lift U.S. indexes to new record highs.
The Dow Jones Industrial Average rose 83.66 points, or 0.37 percent, to 22,641.26, the S&P 500 gained 5.46 points, or 0.22 percent, to 2,534.58 and the Nasdaq Composite added 15.00 points, or 0.23 percent, to 6,531.71
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 17 493.10s +1.60 +0.33%
Canola Jan 18 499.40s +1.20 +0.24%
Canola Mar 18 505.00s +1.70 +0.34%
Canola May 18 507.50s +1.80 +0.36%
Canola Jul 18 508.20s +1.80 +0.36%
Milling Wheat Oct 17 227.00s +4.00 +1.79%
Milling Wheat Dec 17 229.00s +4.00 +1.78%
Milling Wheat Mar 18 235.00s +4.00 +1.73%
Durum Wheat Oct 17 280.00s +1.00 +0.36%
Durum Wheat Dec 17 281.00s unch unch
Durum Wheat Mar 18 285.00s unch unch
Barley Oct 17 145.00s unch unch
Barley Dec 17 148.00s unch unch
Barley Mar 18 151.00s unch unch
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 Nov 17 955-2s -2-0 -0.21%
Soybeans Jan 18 966-0s -1-6 -0.18%
Soybeans Mar 18 975-4s -1-4 -0.15%
Soybeans May 18 984-4s -1-2 -0.13%
Soybeans Jul 18 991-6s -1-4 -0.15%
Soybean Meal Oct 17 307.3s -1.8 -0.58%
Soybean Meal Dec 17 311.5s -2.1 -0.67%
Soybean Meal Jan 18 313.5s -2.2 -0.70%
Soybean Oil Oct 17 32.51s +0.23 +0.71%
Soybean Oil Dec 17 32.75s +0.20 +0.61%
Soybean Oil Jan 18 32.93s +0.23 +0.70%
Corn Dec 17 349-4s -2-0 -0.57%
Corn Mar 18 362-2s -2-0 -0.55%
Corn May 18 371-2s -1-6 -0.47%
Corn Jul 18 379-0s -1-6 -0.46%
Corn Sep 18 386-2s -1-4 -0.39%
Oats Dec 17 251-2s -1-2 -0.50%
Oats Mar 18 255-4s -1-0 -0.39%
Oats May 18 254-4s -0-6 -0.29%
Oats Jul 18 252-2s +1-0 +0.40%
Oats Sep 18 252-2s +1-0 +0.40%
Wheat Dec 17 448-0s +3-2 +0.73%
Wheat Mar 18 465-4s +2-2 +0.49%
Wheat May 18 478-2s +1-6 +0.37%
Wheat Jul 18 490-0s +1-0 +0.20%
Wheat Sep 18 505-2s +0-6 +0.15%
Minneapolis
Spring Wheat Dec 17 612-2s +0-6 +0.12%
Spring Wheat Mar 18 626-0s +1-0 +0.16%
Spring Wheat May 18 632-2s +0-2 +0.04%
Spring Wheat Jul 18 634-4s -0-4 -0.08%
Spring Wheat Sep 18 635-2s +0-6 +0.12%
Kansas City
Hard Red Wheat Dec 17 441-6s +2-4 +0.57%
Hard Red Wheat Mar 18 459-2s +2-4 +0.55%
Hard Red Wheat May 18 473-0s +2-4 +0.53%
Hard Red Wheat Jul 18 490-2s +2-4 +0.51%
Hard Red Wheat Sep 18 508-6s +2-4 +0.49%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Oct 17 109.100s +1.275 +1.18%
Live Cattle Dec 17 114.900s +1.475 +1.30%
Live Cattle Feb 18 118.525s +1.300 +1.11%
Feeder Cattle Oct 17 152.425s +2.075 +1.38%
Feeder Cattle Nov 17 154.300s +2.700 +1.78%
Feeder Cattle Jan 18 152.000s +2.600 +1.74%
Lean Hogs Oct 17 59.875s +2.625 +4.59%
Lean Hogs Dec 17 62.075s +0.100 +0.16%
Lean Hogs Feb 18 67.350s +0.275 +0.41%
