Dry conditions and higher temperatures across most of North America have put traders in a buying mood, lifting soybeans and canola for the second day in a row. Global drought issues have provided support for wheat as well.
Friday’s August World Agricultural Supply and Demand Estimates report from the USDA is keeping a cap on too much optimism however, as this mild weather market continues to form. German farmer coop DRV reported that that country expects to see a 50 percent reduction in corn yields and the drought will also spell trouble for rapeseed production, which could help support canola in the bigger picture.
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November Canola settled in at $510,70, up $8.10 per tonne. January rose to $516.20, up $7.40 and March was up $6.50 to $521.20.
August and September soybean futures added 4.5 US cents at the close on Chicago reaching US$ 8.93-75 and $ 8.99-75, respectively.
September Chicago soft red winter wheat prices gained 1.75 cents to reach $5.70, September Kansas City hard red winter prices added 4.75 cents to $5.84-25, and September Minneapolis spring wheat climbed another 5 cents to $6.31-75.
| Name / Contract | High | Low | Last | Change | Settlement |
| Canola Nov 2018 (updated 1:53PM(CST) on 8/8/2018) | 512.90 | 501.00 | 510.70 | 8.10 | 510.70 |
| Canola Jan 2019 (updated 1:54PM(CST) on 8/8/2018) | 518.40 | 507.40 | 516.20 | 7.40 | 516.20 |
| Canola Mar 2019 (updated 1:54PM(CST) on 8/8/2018) | 523.30 | 512.80 | 521.10 | 6.50 | 521.10 |
| Canola May 2019 (updated 1:54PM(CST) on 8/8/2018) | 526.50 | 516.70 | 524.80 | 6.30 | 524.80 |
| Canola Jul 2019 (updated 1:53PM(CST) on 8/8/2018) | 527.00 | 518.20 | 525.60 | 5.60 | 525.60 |
| Soybeans Aug 2018 | 895.75 | 889.75 | 893.75 | 4.50 | 893.75 |
| Soybeans Sep 2018 | 903.00 | 888.00 | 899.50 | 4.25 | 899.75 |
| Soybeans Nov 2018 | 914.00 | 898.50 | 911.00 | 5.25 | 910.50 |
| Soybeans Jan 2019 | 925.25 | 910.25 | 922.25 | 5.25 | 921.75 |
| Soybeans Mar 2019 | 934.25 | 919.75 | 931.25 | 5.00 | 931.25 |
| Soybeans May 2019 | 944.00 | 929.75 | 941.50 | 5.25 | 941.25 |
| Soybean Meal Aug 2018 | 338.00 | 331.50 | 337.10 | 4.40 | 337.10 |
| Soybean Meal Sep 2018 | 335.90 | 329.40 | 335.10 | 4.10 | 335.50 |
| Soybean Meal Oct 2018 | 336.30 | 329.40 | 335.70 | 4.50 | 336.00 |
| Soybean Oil Aug 2018 | 28.72 | 28.39 | 28.45 | -0.14 | 28.45 |
| Soybean Oil Sep 2018 | 28.88 | 28.54 | 28.59 | -0.16 | 28.59 |
| Soybean Oil Oct 2018 | 28.98 | 28.66 | 28.72 | -0.15 | 28.70 |
| Corn Sep 2018 | 373.75 | 370.00 | 371.00 | 0.25 | 371.25 |
| Corn Dec 2018 | 387.50 | 383.75 | 385.00 | 0.50 | 385.00 |
| Corn Mar 2019 | 398.50 | 395.00 | 395.50 | unch | 396.00 |
| Corn May 2019 | 404.75 | 401.25 | 402.25 | 0.25 | 402.50 |
| Corn Jul 2019 | 410.50 | 407.00 | 407.75 | unch | 408.00 |
| Oats Sep 2018 | 264.50 | 255.75 | 264.50 | 9.25 | 263.75 |
| Oats Dec 2018 | 273.75 | 264.50 | 273.00 | 9.25 | 273.00 |
| Oats Mar 2019 | 278.75 | 271.00 | 277.75 | 9.50 | 277.75 |
| Oats May 2019 | 280.00 | 280.00 | 280.00 | 9.25 | 280.00 |
| Oats Jul 2019 | 283.00 | 283.00 | 283.00 | 9.00 | 283.00 |
| Wheat Sep 2018 | 578.00 | 564.50 | 570.75 | 2.50 | 570.00 |
| Wheat Dec 2018 | 599.00 | 586.25 | 592.00 | 2.00 | 591.25 |
| Wheat Mar 2019 | 618.25 | 606.00 | 612.00 | 2.75 | 611.50 |
| Wheat May 2019 | 625.25 | 613.50 | 620.25 | 5.25 | 619.75 |
| Wheat Jul 2019 | 613.75 | 601.50 | 609.75 | 4.50 | 609.25 |
| Spring Wheat Sep 2018 | 634.50 | 625.25 | 632.75 | 5.00 | 632.75 |
| Spring Wheat Dec 2018 | 651.00 | 642.50 | 648.75 | 4.00 | 648.75 |
| Spring Wheat Mar 2019 | 662.50 | 655.75 | 659.25 | 2.25 | 659.25 |
| Spring Wheat May 2019 | 665.00 | 660.00 | 663.00 | 2.00 | 663.00 |
| Spring Wheat Jul 2019 | 667.00 | 661.50 | 664.25 | 0.75 | 664.25 |
| Hard Red Wheat Sep 2018 | 590.50 | 578.00 | 584.25 | 4.75 | 584.25 |
| Hard Red Wheat Dec 2018 | 617.75 | 605.00 | 611.00 | 3.75 | 610.75 |
| Hard Red Wheat Mar 2019 | 635.50 | 624.00 | 630.50 | 5.00 | 629.75 |
| Hard Red Wheat May 2019 | 643.75 | 632.75 | 640.50 | 6.75 | 639.75 |
| Hard Red Wheat Jul 2019 | 634.00 | 623.00 | 630.50 | 4.25 | 630.25 |
| Live Cattle (P) Aug 2018 | 110.05 | 109.40 | 109.80 | -0.28 | 109.82 |
| Live Cattle (P) Oct 2018 | 111.10 | 110.05 | 111.07 | 0.14 | 111.00 |
| Live Cattle (P) Dec 2018 | 114.70 | 113.60 | 114.70 | 0.33 | 114.53 |
| Feeder Cattle (P) Aug 2018 | 151.00 | 148.90 | 150.85 | 1.00 | 150.65 |
| Feeder Cattle (P) Sep 2018 | 150.25 | 147.20 | 150.15 | 1.43 | 149.75 |
| Feeder Cattle (P) Oct 2018 | 150.45 | 147.97 | 150.32 | 0.82 | 149.98 |
| Lean Hogs (P) Aug 2018 | 55.42 | 54.40 | 54.98 | -0.82 | 54.80 |
| Lean Hogs (P) Oct 2018 | 49.65 | 48.05 | 48.55 | -1.43 | 48.40 |
| Lean Hogs (P) Dec 2018 | 45.25 | 43.92 | 44.38 | -1.25 | 44.38 |
| Canadian Dollar Aug 2018 | 0.7684 | 0.7639 | 0.7686 | 0.0032 | 0.7686 |
| Crude Sep 2018 | 69.37 | 66.32 | 66.88 | -2.29 | 66.94 |
