Here is how crop markets ended 2015

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Published: January 2, 2016

CHICAGO, Dec 31 (Reuters) – U.S. soybean futures were down nearly one percent on Thursday the last trading day of the year, as traders eyed forecasts for much-needed rains in Brazil, while corn and soybeans were narrowly mixed in light year-end trading.

All three markets posted annual declines for 2015, and were closed on Friday for the New Year’s Day holiday.

ICE Canada canola slipped on Thursday, pressured by commercial hedges and weaker U.S. soy prices, but finished with an overall gain in 2015.

Canola’s 5.4 percent gain for the year, compared with declines in U.S. soybean, corn and wheat futures, came largely because the weaker Canadian dollar made the country’s exports more attractive.

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Smaller agriculture markets such as pulses, cocoa, cotton and sugar were the biggest winners in the 2015 commodities rout.

CBOT wheat was poised to fall 20.3 percent, its second-largest yearly drop since 2008.

“The market is focused on the ample supply of wheat globally,” said Hannah Johnson, chief analyst at Profarmer Australia, in a note to clients.

Corn and soybeans were each set to fall for a third straight year, with corn down almost 10 percent for 2015 and soybeans down 14.6 percent.

For the holiday-shortened week, the nearby January canola contract lost 0.8 percent. Canola rose 2.2 percent for the month and 0.1 percent in the fourth quarter.

“Going into the weekend with an improved South American weather forecast, that has put some pressure on the bean complex, which is acting as an anchor on the corn and wheat,” said Jim Sullivan, an analyst with the Leese Trading Group in Chicago.

Weekly export sales data for soybeans added pressure. The U.S. Department of Agriculture reported sales of U.S. soybeans in the week to Dec. 24 at 478,800 tonnes, below a range of trade estimates and a marketing year low.

Traders continued to monitor high water on the mid-Mississippi River, a key artery for moving Corn Belt grain to export terminals at the U.S. Gulf.

The flooding stalled barge movement as portions of the river are closed to traffic.

Forecasts called for drier weather in the Midwest, but the National Weather Service warned that floodwaters will move downstream over the next couple of weeks, raising flood risks along the lower Mississippi.

Canada’s main stock index fell on Thursday despite a rally in crude oil prices, leaving the market down 11 percent in 2015 and closing out its worst year since the global financial crisis of 2008.

ICE Futures Canada C$ per tonne

Canola Jan 2016    476.50    -5.00    -1.04%
Canola Mar 2016    486.50    -5.00    -1.02%
Canola May 2016    490.60    -5.10    -1.03%
Canola Jul 2016    492.00    -5.00    -1.01%
Canola Nov 2016    488.40    -3.50    -0.71%

Milling Wheat Mar 2016    237.00    +1.00    +0.42%
Milling Wheat May 2016    241.00    +1.00    +0.42%
Milling Wheat Jul 2016    245.00    +1.00    +0.41%

Durum Wheat Mar 2016    318.00    unch    0.00%
Durum Wheat May 2016    326.00    unch    0.00%
Durum Wheat Jul 2016    326.00    unch    0.00%

Barley Mar 2016    184.00    unch    0.00%
Barley May 2016    190.00    unch    0.00%
Barley Jul 2016    192.00    unch    0.00%

American crop prices in UScents/bushel, soybean meal in US$/short ton, soy oil in UScents/pound

Chicago

Soybeans Jan 2016    871.25    -4.25    -0.49%
Soybeans Mar 2016    864.25    -6    -0.69%
Soybeans May 2016    869.5    -6.25    -0.71%
Soybeans Jul 2016    876.75    -6.25    -0.71%
Soybeans Aug 2016    879.5    -6.5    -0.73%
Soybeans Sep 2016    879.5    -6    -0.68%

Soybean Meal Jan 2016    264.3    -1.5    -0.56%
Soybean Meal Mar 2016    265.5    -2.1    -0.78%
Soybean Meal May 2016    269    -2.1    -0.77%

Soybean Oil Jan 2016    30.55    -0.29    -0.94%
Soybean Oil Mar 2016    30.75    -0.32    -1.03%
Soybean Oil May 2016    30.96    -0.32    -1.02%

Corn Mar 2016    358.75    -0.25    -0.07%
Corn May 2016    364.5    -0.75    -0.21%
Corn Jul 2016    370.5    -1    -0.27%
Corn Sep 2016    375.25    -0.5    -0.13%
Corn Dec 2016    383    -0.25    -0.07%

Oats Mar 2016    217.25    -1    -0.46%
Oats May 2016    219.5    -1    -0.45%
Oats Jul 2016    223.5    -0.75    -0.33%
Oats Sep 2016    230.25    unch    0.00%
Oats Dec 2016    228    -1.25    -0.55%

Wheat Mar 2016    470    +0.25    +0.05%
Wheat May 2016    476.5    unch    0.00%
Wheat Jul 2016    483.25    -0.25    -0.05%
Wheat Sep 2016    492.25    -0.75    -0.15%
Wheat Dec 2016    507.5    +0.5    +0.10%

Spring Wheat Mar 2016    493.25    +1    +0.20%
Spring Wheat May 2016    502    +1    +0.20%
Spring Wheat Jul 2016    512.5    +1.25    +0.24%
Spring Wheat Sep 2016    524.25    +1.25    +0.24%
Spring Wheat Dec 2016    540.5    +0.5    +0.09%

Hard Red Wheat Mar 2016    468.5    +3    +0.64%
Hard Red Wheat May 2016    478.75    +3.25    +0.68%
Hard Red Wheat Jul 2016    488.75    +2.75    +0.57%
Hard Red Wheat Sep 2016    503    +2.75    +0.55%
Hard Red Wheat Dec 2016    523.75    +3.5    +0.67%

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