Harvest operations remain well behind normal across Western Canada, with the latest crop report out of Alberta showing the canola harvest at only 15.6 per cent complete as of this past Tuesday.
About 33,707 canola contracts traded on Friday, which compares with Thursday when 38,689 contracts changed hands. Spreading accounted for 25,566 of the contracts traded.
SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, with reports of scattered frost across parts of the Midwest providing support ahead of the weekend.
Census data out this morning confirmed record United States soybean export sales for the month of August of 4.9 million tonnes in 2019. The solid sales brought total exports for the recently completed 2018/19 marketing year slightly above the U.S. Department of Agriculture’s most recent projection.
China was a noted buyer, with optimism building over looming trade talks between the country and the U.S.
Meanwhile, chart-based selling weighed on CORN, as traders adjusted positions after a week of choppy activity.
U.S. corn exports in August of 2.8 million tonnes were down slightly from the previous month and roughly half of what moved during the same month a year ago.
WHEAT futures were mixed on Friday, with gains in Chicago and Minneapolis, but small losses in the Kansas City market as the spreads between the three contracts saw some adjustment.
U.S. wheat exports in August hit their highest monthly total in three years, at 2.57 million tonnes.
The gains in spring wheat were tied to the persistent weather delays in Canada and the northern U.S., as concerns grow over the quality of the North American spring wheat crop.
|Name / Contract||Last||Change||% Change|
|Canola Nov 19||460.70s||+1.50||+0.33%|
|Canola Jan 20||469.70s||+1.60||+0.34%|
|Canola Mar 20||478.50s||+1.90||+0.40%|
|Canola May 20||485.50s||+2.00||+0.41%|
|Canola Jul 20||491.20s||+2.10||+0.43%|
|Soybean Nov 19||916-2s||+4-4||+0.49%|
|Soybean Jan 20||930-2s||+4-2||+0.46%|
|Soybean Mar 20||940-6s||+4-2||+0.45%|
|Soybean May 20||950-0s||+3-6||+0.40%|
|Soybean Jul 20||958-2s||+3-4||+0.37%|
|Soybean Meal Oct 19||298.8s||+0.8||+0.27%|
|Soybean Meal Dec 19||303.7s||+0.8||+0.26%|
|Soybean Meal Jan 20||305.7s||+0.9||+0.30%|
|Soybean Oil Oct 19||29.79s||-0.01||-0.03%|
|Soybean Oil Dec 19||29.86s||-0.03||-0.10%|
|Soybean Oil Jan 20||30.09s||-0.02||-0.07%|
|Corn Dec 19||384-6s||-4-0||-1.03%|
|Corn Mar 20||397-0s||-3-6||-0.94%|
|Corn May 20||402-4s||-3-4||-0.86%|
|Corn Jul 20||405-6s||-2-6||-0.67%|
|Corn Sep 20||400-4s||-1-4||-0.37%|
|Oats Dec 19||286-0s||-1-0||-0.35%|
|Oats Mar 20||287-4s||-1-4||-0.52%|
|Oats May 20||287-6s||-2-0||-0.69%|
|Oats Jul 20||288-0s||-2-2||-0.78%|
|Oats Sep 20||289-0s||-3-6||-1.28%|
|Wheat Dec 19||490-4s||+1-6||+0.36%|
|Wheat Mar 20||497-4s||+1-2||+0.25%|
|Wheat May 20||502-6s||+0-6||+0.15%|
|Wheat Jul 20||507-0s||+0-6||+0.15%|
|Wheat Sep 20||515-0s||+1-0||+0.19%|
|Spring Wheat Dec 19||536-0s||+6-4||+1.23%|
|Spring Wheat Mar 20||549-6s||+6-4||+1.20%|
|Spring Wheat May 20||559-0s||+6-4||+1.18%|
|Spring Wheat Jul 20||567-4s||+7-0||+1.25%|
|Spring Wheat Sep 20||575-6s||+7-2||+1.28%|
|Hard Red Wheat Dec 19||404-0s||-1-6||-0.43%|
|Hard Red Wheat Mar 20||418-4s||-1-6||-0.42%|
|Hard Red Wheat May 20||428-2s||-1-6||-0.41%|
|Hard Red Wheat Jul 20||437-6s||-1-6||-0.40%|
|Hard Red Wheat Sep 20||449-0s||-1-6||-0.39%|
|Live Cattle (Pit) Oct 19||107.350s||+0.550||+0.51%|
|Live Cattle (Pit) Dec 19||110.775s||-0.050||-0.05%|
|Live Cattle (Pit) Feb 20||116.625s||-0.375||-0.32%|
|Feeder Cattle (Pit) Oct 19||141.975s||-0.375||-0.26%|
|Feeder Cattle (Pit) Nov 19||141.375s||-0.725||-0.51%|
|Feeder Cattle (Pit) Jan 20||137.700s||-0.550||-0.40%|
|Lean Hogs (Pit) Oct 19||62.400s||-0.025||-0.04%|
|Lean Hogs (Pit) Dec 19||67.250s||-0.850||-1.25%|
|Lean Hogs (Pit) Feb 20||74.475s||-0.825||-1.10%|