Crop futures sag on improved Argentina crop moisture

Crop prices were generally lower Monday as weekend rain in Argentina reduced worries about early crop damage in that country.

More rain is in the forecast.

Oilseeds, including canola, were also pressured by the slow pace of U.S. soybean exports.

Corn and wheat set new contract lows, weighed down by ample supplies.

OUTSIDE MARKETS

Light crude oil nearby futures in New York were up 63 cents at US$57.99 per barrel.

In the afternoon, the Canadian dollar was trading around US77.78 cents, little changed from 77.73 cents the previous trading day. The U.S. dollar was C$1.2857.

The Toronto Stock Exchange’s S&P/TSX composite index closed up 7.44 points, or 0.05 percent, at 16,103.51.

The Dow Jones Industrial Average rose 56.87 points, or 0.23 percent, to 24,386.03, the S&P 500 gained 8.49 points, or 0.32 percent, to 2,659.99 and the Nasdaq Composite added 35.00 points, or 0.51 percent, to 6,875.08.

Winnipeg ICE Futures Canada dollars per tonne.

Canola Jan 18   502.50s   -2.60   -0.51%

Canola Mar 18   509.90s   -3.70   -0.72%

Canola May 18   516.80s   -3.80   -0.73%

Canola Jul 18   520.30s   -3.70   -0.71%

Canola Nov 18 503.30s   -3.30   -0.65%

 

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 Jan 18   982-4s   -7-2   -0.73%

Soybeans Mar 18   994-0s   -7-4   -0.75%

Soybeans May 18   1005-2s   -7-0   -0.69%

Soybeans Jul 18   1014-4s   -6-4   -0.64%

Soybeans Aug 18   1015-6s   -6-2   -0.61%

 

Soybean Meal Dec 17   326.0s   -4.0   -1.21%

Soybean Meal Jan 18   327.7s   -4.0   -1.21%

Soybean Meal Mar 18   331.8s   -3.9   -1.16%

 

Soybean Oil Dec 17   33.40s   -0.14   -0.42%

Soybean Oil Jan 18   33.46s   -0.16   -0.48%

Soybean Oil Mar 18   33.61s   -0.18   -0.53%

 

Corn Dec 17   336-4s   -3-4   -1.03%

Corn Mar 18   349-0s   -3-6   -1.06%

Corn May 18   357-2s   -3-6   -1.04%

Corn Jul 18   365-6s   -3-4   -0.95%

Corn Sep 18   373-0s   -3-4   -0.93%

 

Oats Dec 17   227-4s   +1-2   +0.55%

Oats Mar 18   243-6s   +1-6   +0.72%

Oats May 18   250-2s   +2-0   +0.81%

Oats Jul 18   257-4s   +1-2   +0.49%

Oats Sep 18   259-4s   +3-4   +1.37%

 

Wheat Dec 17   387-6s   -4-2   -1.08%

Wheat Mar 18   413-4s   -5-4   -1.31%

Wheat May 18   427-2s   -5-0   -1.16%

Wheat Jul 18   441-4s   -4-2   -0.95%

Wheat Sep 18   456-0s   -3-6   -0.82%

 

Minneapolis

Spring Wheat Dec 17   596-6s   -1-0   -0.17%

Spring Wheat Mar 18   608-6s   -2-4   -0.41%

Spring Wheat May 18   617-2s   -2-4   -0.40%

Spring Wheat Jul 18   621-6s   -2-2   -0.36%

Spring Wheat Sep 18   619-0s   -2-2   -0.36%

 

Kansas City

Hard Red Wheat Dec 17   395-2s   -5-4   -1.37%

Hard Red Wheat Mar 18   412-6s   -5-2   -1.26%

Hard Red Wheat May 18   426-0s   -5-0   -1.16%

Hard Red Wheat Jul 18   442-4s   -4-4   -1.01%

Hard Red Wheat Sep 18   458-0s   -4-4   -0.97%

 

Chicago livestock futures in US¢/pound, Pit trade

Live Cattle Dec 17   115.175s   -0.400   -0.35%

Live Cattle Feb 18   117.725s   -0.575   -0.49%

Live Cattle Apr 18   119.625s   -0.575   -0.48%

 

Feeder Cattle Jan 18   145.450s   +0.225   +0.15%

Feeder Cattle Mar 18   143.325s   unch   unch

Feeder Cattle Apr 18   143.450s   -0.200   -0.14%

 

Lean Hogs Dec 17   63.600s   -0.075   -0.12%

Lean Hogs Feb 18   67.025s   -1.825   -2.65%

Lean Hogs Apr 18   71.825s   -1.300   -1.78%

 

 

 

 

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