A perception that Wednesday’s sell off was overdone had traders in a buying mood on Thursday and crop futures rose across the board.
Canola futures rose a little more than one percent, supported by a two percent increase in soy oil. The latter rose as the Senate finance committee is addressing today the bill that includes a biodiesel tax package that would stimulate demand for the biofuel.
Canola is also benefiting from the improved rail movement but gains will be limited each time farmers increase deliveries.
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Prairie Wheat Weekly Spring wheat prices decline
Western Canadian spring wheat prices were mostly lower, while those for durum were relatively steady during the week ended Aug. 14, 2025.
Analysts are trying to figure out how year end Canadian stock forecasts will be affected if the overall grain transportation and handling system can indeed move a huge amount of grain in the next few months.
The railways are arguing that if they hit the government’s shipping targets the port terminals won’t be able to handle the volume, but the grain companies say that as long as all ports, west and east, are used, they will have no trouble.
Corn rose on bargain buying and on strong weekly export shipments of U.S. corn, the most in nearly five years.
Crop prices have a bit of support flowing from developing concern about the late thaw. Eastern North Dakota got another big dump of snow yesterday. In the Midwest, it will take another week of warm weather to raise soil temperatures enough to begin planting.
While it is taking time for winter to loosen its grip on North America, Europe enjoyed a mild winter and crops are a few weeks ahead of normal development. It is starting to get dry and rain is needed to maintain yield prospects in Europe.
Capital inflows from big investment funds also helped support grain futures.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2014 459.00 +5.00 +1.10%
Canola Jul 2014 469.00 +5.00 +1.08%
Canola Nov 2014 484.20 +4.90 +1.02%
Canola Jan 2015 491.50 +4.90 +1.01%
Canola Mar 2015 498.40 +4.90 +0.99%
Milling Wheat May 2014 218.00 +3.00 +1.40%
Milling Wheat Jul 2014 216.00 +4.00 +1.89%
Milling Wheat Oct 2014 218.00 +3.00 +1.40%
Durum Wheat May 2014 250.00 unch 0.00%
Durum Wheat Jul 2014 250.00 unch 0.00%
Durum Wheat Oct 2014 252.00 unch 0.00%
Barley May 2014 130.50 unch 0.00%
Barley Jul 2014 128.50 unch 0.00%
Barley Oct 2014 128.50 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans May 2014 1475.25 +13 +0.89%
Soybeans Jul 2014 1454.25 +13 +0.90%
Soybeans Aug 2014 1373.25 +9 +0.66%
Soybeans Sep 2014 1255.25 +3.5 +0.28%
Soybeans Nov 2014 1203.5 +5.5 +0.46%
Soybeans Jan 2015 1208.25 +5.5 +0.46%
Soybean Meal May 2014 480.1 +3.6 +0.76%
Soybean Meal Jul 2014 467.3 +3.2 +0.69%
Soybean Meal Aug 2014 437.1 +1.4 +0.32%
Soybean Oil May 2014 41.67 +0.82 +2.01%
Soybean Oil Jul 2014 41.88 +0.82 +2.00%
Soybean Oil Aug 2014 41.6 +0.74 +1.81%
Corn May 2014 500 +4.25 +0.86%
Corn Jul 2014 505.25 +4.25 +0.85%
Corn Sep 2014 502.75 +4.25 +0.85%
Corn Dec 2014 501.5 +4.5 +0.91%
Corn Mar 2015 508.25 +4 +0.79%
Oats May 2014 414.75 +6.25 +1.53%
Oats Jul 2014 369.75 +5.75 +1.58%
Oats Sep 2014 355.75 +0.75 +0.21%
Oats Dec 2014 350.25 +0.75 +0.21%
Oats Mar 2015 347.75 +0.5 +0.14%
Wheat May 2014 676 +6.75 +1.01%
Wheat Jul 2014 681.75 +6.75 +1.00%
Wheat Sep 2014 690.25 +7 +1.02%
Wheat Dec 2014 702.5 +7 +1.01%
Wheat Mar 2015 712.25 +7.25 +1.03%
Minneapolis
Spring Wheat May 2014 730.5 +8.25 +1.14%
Spring Wheat Jul 2014 730.25 +9.5 +1.32%
Spring Wheat Sep 2014 733.5 +9.25 +1.28%
Spring Wheat Dec 2014 743.5 +9.5 +1.29%
Spring Wheat Mar 2015 749.25 +9.75 +1.32%
Kansas City
KC HRW Wheat May 2014 744 +5.25 +0.71%
KC HRW Wheat Jul 2014 747.75 +5.5 +0.74%
KC HRW Wheat Sep 2014 754.5 +7 +0.94%
KC HRW Wheat Dec 2014 764.75 +6.75 +0.89%
KC HRW Wheat Mar 2015 768.25 +7 +0.92%
Light crude oil nearby futures in New York rose 67 cents at $100.29 US per barrel.
The Canadian dollar at noon was 90.62 cents US, down from 90.65 cents the previous trading day. The U.S. dollar at noon was $1.1035 Cdn.
The Dow and S&P 500 hit record highs during the day but settled slightly lower.
The U.S. trade deficit widened in February to $42.3 billion, from $39.28 billion in January.
The U.S. reported the number of Americans filing for first-time unemployment benefits rose last week to 326,000. Economists expected 317,000.
The U.S. monthly jobs report is due on Friday.
China announced stimulus measures, including an increase in railway construction.
The Dow Jones industrial average dipped 0.45 of a point to end at 16,572.55.
The S&P 500 fell 2.13 points or 0.11 percent, to close at 1,888.77.
The Nasdaq Composite dropped 38.716 points or 0.91 percent, to close at 4,237.74.
