It was another day of modest crop price movement.
Traders were awaiting the latest monthly USDA supply and demand report due tomorrow.
There is some expectation that the USDA might lift its yield forecasts.
Corn futures were the lowest in a month. They have seen steady gradual erosion of value, as the trade believes supply will be more than ample.
It was mild and dry across most of the Prairies today, hopefully allowing producers to make progress on getting their crops in the bin.
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Producers in northern parts of Alberta and Saskatchewan still have a fair amount of crop out and are looking for dry weather. It appears that we are moving toward drier weather that should help
The lows in the next couple of nights in Saskatchewan and Alberta are expected to be cooler than they have been so those looking for a killing frost will have their wishes answered. There could be snow flurries tonight in some areas, but not much of an accumulation.
Temperatures climb again early next week.
The U.S. Midwest is looking for a string of dry days to advance harvest, but it looks like it is going to be a wet Saturday there.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were up 38 cents at US$51.30 per barrel.
In the afternoon, the Canadian dollar was trading around US80.28 cents, up from 79.90 cents the previous trading day. The U.S. dollar was C$1.2456.
The Toronto Stock Exchange’s S&P/TSX composite index rose 30.04 points, or 0.19 percent, to close at 15,800.40.
The Dow Jones Industrial Average rose 42.21 points, or 0.18 percent, to end at 22,872.89, the S&P 500 gained 4.6 points, or 0.18 percent, to 2,555.24 and the Nasdaq Composite added 16.30 points, or 0.25 percent, to 6,603.55.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 17 493.50s -1.70 -0.34%
Canola Jan 18 499.50s -0.60 -0.12%
Canola Mar 18 504.40s -0.50 -0.10%
Canola May 18 506.90s -0.50 -0.10%
Canola Jul 18 508.10s -0.40 -0.08%
Milling Wheat Oct 17 231.00s -1.00 -0.43%
Milling Wheat Dec 17 234.00s unch unch
Milling Wheat Mar 18 239.00s -1.00 -0.42%
Durum Wheat Oct 17 280.00s +3.00 +1.08%
Durum Wheat Dec 17 281.00s unch unch
Durum Wheat Mar 18 286.00s 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 17 965-2s -0-6 -0.08%
Soybeans Jan 18 976-0s -0-2 -0.03%
Soybeans Mar 18 985-4s -0-2 -0.03%
Soybeans May 18 995-0s unch unch
Soybeans Jul 18 1003-6s +0-2 +0.02%
Soybean Meal Oct 17 311.2s -1.3 -0.42%
Soybean Meal Dec 17 314.9s -1.3 -0.41%
Soybean Meal Jan 18 317.0s -1.3 -0.41%
Soybean Oil Oct 17 32.91s +0.05 +0.15%
Soybean Oil Dec 17 33.15s +0.04 +0.12%
Soybean Oil Jan 18 33.33s +0.04 +0.12%
Corn Dec 17 346-0s -3-2 -0.93%
Corn Mar 18 359-4s -3-2 -0.90%
Corn May 18 368-0s -3-4 -0.94%
Corn Jul 18 375-6s -3-4 -0.92%
Corn Sep 18 383-0s -3-0 -0.78%
Oats Dec 17 252-6s +3-2 +1.30%
Oats Mar 18 255-2s +3-6 +1.49%
Oats May 18 254-4s +4-2 +1.70%
Oats Jul 18 252-6s +5-0 +2.02%
Oats Sep 18 252-6s +5-0 +2.02%
Wheat Dec 17 433-2s -2-0 -0.46%
Wheat Mar 18 452-2s -3-0 -0.66%
Wheat May 18 464-6s -4-0 -0.85%
Wheat Jul 18 478-4s -4-2 -0.88%
Wheat Sep 18 494-2s -4-2 -0.85%
Minneapolis
Spring Wheat Dec 17 619-0s +1-4 +0.24%
Spring Wheat Mar 18 632-6s +1-2 +0.20%
Spring Wheat May 18 639-2s +0-6 +0.12%
Spring Wheat Jul 18 642-4s unch unch
Spring Wheat Sep 18 637-2s -1-0 -0.16%
Kansas City
Hard Red Wheat Dec 17 428-2s -3-0 -0.70%
Hard Red Wheat Mar 18 446-4s -2-6 -0.61%
Hard Red Wheat May 18 460-6s -2-6 -0.59%
Hard Red Wheat Jul 18 479-0s -2-6 -0.57%
Hard Red Wheat Sep 18 497-6s -3-0 -0.60%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Oct 17 113.775s +0.075 +0.07%
Live Cattle Dec 17 118.525s -0.275 -0.23%
Live Cattle Feb 18 122.175s -0.200 -0.16%
Feeder Cattle Oct 17 154.150s +0.075 +0.05%
Feeder Cattle Nov 17 155.675s -0.475 -0.30%
Feeder Cattle Jan 18 154.250s -0.200 -0.13%
Lean Hogs Oct 17 61.250s +1.075 +1.79%
Lean Hogs Dec 17 62.500s +0.950 +1.54%
Lean Hogs Feb 18 67.775s +0.375 +0.56%
