ICE Canada canola dips, but edges higher for 2014

ICE Canada canola futures fell on the last day of the year, pressured in thin volume by weaker U.S. grain and oilseed markets, but the nearby contract posted a 2.9 percent gain in 2014.

Canola expected to weaken in January, a trader said, as farmers pick up the selling pace. Cash prices have risen in recent weeks and some farmers were holding off selling crop until the new year for tax reasons, Reuters reported.

ICE Futures Canada are closed Thursday for New Year’s Day holiday.

Most-active March canola lost $3.60 to $439.80 per tonne on Dec. 31.

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Nearby January contract gave up $6.10 to $452.30 per tonne. It posted a six percent gain in December.

Chicago Board of Trade March soybeans shed 20-1/2 U.S. cents to US$10.23-1/2 per bushel.

Malaysian February palm oil eased 0.8 percent.

NYSE Liffe Paris February rapeseed dipped 1.1 percent.

Light crude oil nearby futures in New York fell 85 cents to US$53.27 per barrel on weak economic data from China. U.S. oil prices are down 45 percent from a year ago.

The Canadian dollar at noon was US86.20 cents, almost unchange from 86.21 cents the previous trading day. The U.S. dollar at noon was C$1.1601.

The Toronto Stock Exchange’s S&P/TSX composite index closed down 7.6 points, or 0.05 percent, at 14,632.44.

ICE Futures Canada, dollars per tonne

Canola Jan 2015 452.30 -6.10 -1.33%

Canola Mar 2015 439.80 -3.60 -0.81%

Canola May 2015 433.10 -4.00 -0.92%

Canola Jul 2015 430.00 -4.10 -0.94%

Canola Nov 2015 420.90 -4.10 -0.96%

Milling Wheat Mar 2015 226.00 -2.00 -0.88%

Milling Wheat May 2015 229.00 -2.00 -0.87%

Milling Wheat Jul 2015 231.00 -2.00 -0.86%

Durum Wheat Mar 2015 380.00 unch 0.00%

Durum Wheat May 2015 370.00 unch 0.00%

Durum Wheat Jul 2015 360.00 unch 0.00%

Barley Mar 2015 177.00 unch 0.00%

Barley May 2015 179.00 unch 0.00%

Barley Jul 2015 181.00 unch 0.00%

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

Chicago

Soybeans Jan 2015 1019.25 -18.5 -1.78%

Soybeans Mar 2015 1023.5 -20.5 -1.96%

Soybeans May 2015 1030.5 -20 -1.90%

Soybeans Jul 2015 1037 -19.5 -1.85%

Soybeans Aug 2015 1035.5 -19.25 -1.83%

Soybeans Sep 2015 1018 -17.25 -1.67%

Soybean Meal Jan 2015 364.6 -4.9 -1.33%

Soybean Meal Mar 2015 347.6 -6.1 -1.72%

Soybean Meal May 2015 340.9 -5.4 -1.56%

Soybean Oil Jan 2015 31.97 -0.92 -2.80%

Soybean Oil Mar 2015 32.14 -0.93 -2.81%

Soybean Oil May 2015 32.35 -0.92 -2.77%

Corn Mar 2015 397 -9.5 -2.34%

Corn May 2015 405.75 -9.25 -2.23%

Corn Jul 2015 412.5 -9.25 -2.19%

Corn Sep 2015 415.25 -9.5 -2.24%

Corn Dec 2015 421 -9.75 -2.26%

Oats Mar 2015 303.75 -1.25 -0.41%

Oats May 2015 304 -2.75 -0.90%

Oats Jul 2015 306.5 -4 -1.29%

Oats Sep 2015 305.25 -3.25 -1.05%

Oats Dec 2015 305.5 -1.25 -0.41%

Wheat Mar 2015 589.75 -12.25 -2.03%

Wheat May 2015 594.5 -11.5 -1.90%

Wheat Jul 2015 597.5 -10.5 -1.73%

Wheat Sep 2015 604.75 -10 -1.63%

Wheat Dec 2015 614.75 -10.5 -1.68%

Minneapolis

Spring Wheat Mar 2015 622 -5.25 -0.84%

Spring Wheat May 2015 629.75 -5 -0.79%

Spring Wheat Jul 2015 637.25 -5.5 -0.86%

Spring Wheat Sep 2015 643.75 -5 -0.77%

Spring Wheat Dec 2015 653 -3.75 -0.57%

Kansas City

Hard Red Wheat Mar 2015 626.5 -9.5 -1.49%

Hard Red Wheat May 2015 631.5 -8.5 -1.33%

Hard Red Wheat Jul 2015 635.75 -9 -1.40%

Hard Red Wheat Sep 2015 646 -8.75 -1.34%

Hard Red Wheat Dec 2015 659 -7.25 -1.09%

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