Canola made a move to the upside, along with soybeans, after USDA crop condition estimates put the American soybean crop in the losing-ground category, from a week earlier.
Canola also gained ground on a softer Canadian dollar after the Saudi Arabian government began shutting down relations and trade with Canada. Canola saw further support from hot, dry conditions in Western Canada and even warmer weather in the forecast. November finished the day on ICE at 502.60, up 8.60, with the following months following that lead.
U.S. soybeans were up 12 US cents for August, at 8.89-2.
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Alberta crop conditions improve: report
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Wheat saw some profit-taking, falling back slightly. Spring wheat, the MGEX, was flat to down, finishing US$ 6.27-6. Kansas City was down 6.4 cents to $5.79-4 and Chicago soft wheat was off 6.2 cents to $5.68-2.
Chicago corn for September was flat.
The Canadian dollar was off about 1/3 of a US cent to finish at 76.54 cents.
Mostly traders are preparing for Friday’s USDA report, often a seasonal market shaker, as WASDE reporting goes. Expectations from traders are that global demand has remained strong, disappearance is relatively good, while weather and trade issues undermine supply or its delivery.
| Name / Contract | High | Low | Last | Change | Settlement |
| Canola Nov 2018 (updated 1:19PM(CST) on 8/7/2018) | 503.00 | 494.00 | 502.60 | 8.60 | 502.60 |
| Canola Jan 2019 (updated 1:17PM(CST) on 8/7/2018) | 509.00 | 503.70 | 508.80 | 8.50 | 508.80 |
| Canola Mar 2019 (updated 1:14PM(CST) on 8/7/2018) | 514.60 | 509.50 | 514.60 | 8.60 | 514.60 |
| Canola May 2019 (updated 1:14PM(CST) on 8/7/2018) | 518.50 | 513.50 | 518.50 | 8.50 | 518.50 |
| Canola Jul 2019 (updated 1:14PM(CST) on 8/7/2018) | 520.00 | 515.50 | 520.00 | 7.60 | 520.00 |
| Soybeans Aug 2018 | 891.25 | 883.25 | 888.75 | 11.50 | 889.25 |
| Soybeans Sep 2018 | 897.50 | 885.75 | 894.25 | 11.50 | 895.25 |
| Soybeans Nov 2018 | 908.50 | 896.00 | 905.00 | 11.50 | 905.75 |
| Soybeans Jan 2019 | 919.75 | 907.50 | 916.00 | 11.00 | 917.00 |
| Soybeans Mar 2019 | 928.75 | 917.25 | 926.25 | 12.00 | 926.25 |
| Soybeans May 2019 | 938.25 | 926.75 | 935.50 | 11.50 | 936.25 |
| Soybean Meal Aug 2018 | 333.90 | 330.70 | 333.10 | 3.10 | 332.70 |
| Soybean Meal Sep 2018 | 333.00 | 329.00 | 330.90 | 2.50 | 331.00 |
| Soybean Meal Oct 2018 | 332.90 | 328.90 | 331.00 | 2.70 | 331.20 |
| Soybean Oil Aug 2018 | 28.56 | 28.35 | 28.59 | 0.30 | 28.59 |
| Soybean Oil Sep 2018 | 28.78 | 28.45 | 28.72 | 0.27 | 28.75 |
| Soybean Oil Oct 2018 | 28.90 | 28.57 | 28.83 | 0.26 | 28.87 |
| Corn Sep 2018 | 373.25 | 368.75 | 371.00 | unch | 370.75 |
| Corn Dec 2018 | 388.00 | 383.25 | 384.75 | -0.50 | 384.50 |
| Corn Mar 2019 | 398.75 | 394.25 | 395.75 | -0.75 | 395.50 |
| Corn May 2019 | 404.75 | 400.50 | 402.25 | -0.50 | 402.00 |
| Corn Jul 2019 | 410.25 | 406.00 | 408.00 | -0.50 | 407.75 |
| Oats Sep 2018 | 262.25 | 255.25 | 255.25 | -6.25 | 255.25 |
| Oats Dec 2018 | 271.00 | 263.75 | 264.00 | -6.00 | 263.75 |
| Oats Mar 2019 | 273.00 | 271.25 | 268.25 | -5.25 | 268.25 |
| Oats May 2019 | 270.75 | 270.75 | 270.75 | -5.00 | 270.75 |
| Oats Jul 2019 | 274.00 | 274.00 | 274.00 | -4.75 | 274.00 |
| Wheat Sep 2018 | 586.25 | 564.00 | 568.25 | -6.25 | 568.25 |
| Wheat Dec 2018 | 607.75 | 587.25 | 589.25 | -8.00 | 590.00 |
| Wheat Mar 2019 | 625.00 | 605.50 | 609.00 | -6.00 | 609.25 |
| Wheat May 2019 | 628.25 | 610.75 | 615.25 | -3.75 | 615.00 |
| Wheat Jul 2019 | 619.00 | 601.75 | 603.75 | -7.00 | 605.25 |
| Spring Wheat Sep 2018 | 639.00 | 623.00 | 627.75 | -0.50 | 627.75 |
| Spring Wheat Dec 2018 | 656.00 | 640.75 | 644.75 | -0.75 | 644.75 |
| Spring Wheat Mar 2019 | 668.25 | 654.00 | 657.00 | -1.75 | 657.00 |
| Spring Wheat May 2019 | 669.50 | 658.50 | 661.00 | -3.50 | 661.00 |
| Spring Wheat Jul 2019 | 672.25 | 662.00 | 663.50 | -4.25 | 663.50 |
| Hard Red Wheat Sep 2018 | 598.75 | 578.00 | 579.25 | -6.75 | 579.50 |
| Hard Red Wheat Dec 2018 | 626.00 | 606.00 | 607.25 | -6.75 | 607.25 |
| Hard Red Wheat Mar 2019 | 644.50 | 624.00 | 625.00 | -6.50 | 625.50 |
| Hard Red Wheat May 2019 | 648.75 | 631.75 | 633.75 | -5.00 | 633.75 |
| Hard Red Wheat Jul 2019 | 640.00 | 624.50 | 626.75 | -6.50 | 626.25 |
| Live Cattle (P) Aug 2018 | 110.75 | 109.28 | 110.05 | -0.35 | 110.07 |
| Live Cattle (P) Oct 2018 | 111.98 | 110.10 | 110.95 | -0.60 | 110.92 |
| Live Cattle (P) Dec 2018 | 115.38 | 113.68 | 114.48 | -0.74 | 114.38 |
| Feeder Cattle (P) Aug 2018 | 152.03 | 148.60 | 149.80 | -2.05 | 149.85 |
| Feeder Cattle (P) Sep 2018 | 152.10 | 148.08 | 148.57 | -3.28 | 148.72 |
| Feeder Cattle (P) Oct 2018 | 152.52 | 148.70 | 149.50 | -2.78 | 149.50 |
| Lean Hogs (P) Aug 2018 | 56.95 | 55.75 | 55.78 | -0.82 | 55.80 |
| Lean Hogs (P) Oct 2018 | 51.22 | 49.88 | 50.00 | -0.23 | 49.98 |
| Lean Hogs (P) Dec 2018 | 46.35 | 45.22 | 45.70 | 0.25 | 45.62 |
| Canadian Dollar Aug 2018 | 0.7713 | 0.7657 | 0.7654 | -0.0037 | 0.7654 |
| Crude Sep 2018 | 69.83 | 68.81 | 69.04 | 0.03 | 69.17
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