ICE Canada canola falls after big U.S. soy yield estimate

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Published: September 12, 2016

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WINNIPEG, Manitoba, Sept 12 (Reuters) – ICE Canada canola futures fell on Monday, weighed down with fellow oilseeds after the U.S. Department of Agriculture (USDA) increased its record-large domestic yield estimate more than expected.

* The agency pegged the average U.S. soybean yield at 50.6 bushels per acre in a monthly report, up from 48.9 bushels in August.

* November canola lost $6.60 at $459.10 per tonne.

* January canola gave up $7.20 at $465.30.

* November-January canola spread traded 2,111 times.

* Chicago November soybeans fell after the bearish USDA yield estimate.

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* NYSE Liffe November rapeseed dropped.

Light crude oil nearby futures in New York were up 41 cents to US$46.29 per barrel.
The Canadian dollar at noon was US76.47 cents, down from 76.73 cents the previous trading day. The U.S. dollar at noon was C$1.3077.

Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2016   459.10   -6.60   -1.42%
Canola Jan 2017   465.30   -7.20   -1.52%
Canola Mar 2017   470.20   -7.60   -1.59%
Canola May 2017   475.20   -8.00   -1.66%
Canola Jul 2017   478.60   -8.70   -1.79%

Milling Wheat Oct 2016   212.00   +3.00   +1.44%
Milling Wheat Dec 2016   214.00   +2.00   +0.94%
Milling Wheat Mar 2017   219.00   +3.00   +1.39%

Durum Wheat Oct 2016   265.00   +2.00   +0.76%
Durum Wheat Dec 2016   267.00   +2.00   +0.75%
Durum Wheat Mar 2017   270.00   +2.00   +0.75%

Barley Oct 2016   138.00   unch   0.00%
Barley Dec 2016   138.00   unch   0.00%
Barley Mar 2017   140.00   unch   0.00%

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

Chicago

Soybeans Sep 2016   984.50   -14.25   -1.43%
Soybeans Nov 2016   964.25   -13.75   -1.41%
Soybeans Jan 2017   968.75   -12.75   -1.30%
Soybeans Mar 2017   971.50   -13.50   -1.37%
Soybeans May 2017   976.00   -12.25   -1.24%
Soybeans Jul 2017   980.50   -11.25   -1.13%

Soybean Meal Sep 2016   318.30   -4.20   -1.30%
Soybean Meal Oct 2016   313.50   -3.30   -1.04%
Soybean Meal Dec 2016   311.90   -3.70   -1.17%

Soybean Oil Sep 2016   32.31   -0.68   -2.06%
Soybean Oil Oct 2016   32.38   -0.67   -2.03%
Soybean Oil Dec 2016   32.64   -0.70   -2.10%

Corn Sep 2016   329.25   +0.25   +0.08%
Corn Dec 2016   339.50   -0.50   -0.15%
Corn Mar 2017   350.00   -0.75   -0.21%
Corn May 2017   357.50   -0.25   -0.07%
Corn Jul 2017   364.00   unch   0.00%

Oats Sep 2016   162.00   -7.00   -4.14%
Oats Dec 2016   174.75   -2.25   -1.27%
Oats Mar 2017   187.75   -3.00   -1.57%
Oats May 2017   194.00   -5.00   -2.51%
Oats Jul 2017   201.50   unch   0.00%

Wheat Sep 2016   383.25   +6.50   +1.73%
Wheat Dec 2016   409.25   +6.75   +1.68%
Wheat Mar 2017   430.00   +6.50   +1.53%
Wheat May 2017   444.75   +6.25   +1.43%
Wheat Jul 2017   455.00   +5.25   +1.17%

Minneapolis
Spring Wheat Sep 2016   499.75   +1.25   +0.25%
Spring Wheat Dec 2016   499.00   +5.50   +1.11%
Spring Wheat Mar 2017   509.75   +5.25   +1.04%
Spring Wheat May 2017   518.75   +5.25   +1.02%

Spring Wheat Jul 2017   528.50   +4.75   +0.91%

Kansas City
Hard Red Wheat Sep 2016   399.75   +7.00   +1.78%
Hard Red Wheat Dec 2016   423.75   +6.75   +1.62%
Hard Red Wheat Mar 2017   439.50   +6.50   +1.50%
Hard Red Wheat May 2017   450.00   +6.25   +1.41%
Hard Red Wheat Jul 2017   459.75   +6.00   +1.32%

Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Oct 2016   105.70   +1.30   +1.25%
Live Cattle (P) Dec 2016   106.72   +1.57   +1.49%
Live Cattle (P) Feb 2017   106.80   +1.30   +1.23%

Feeder Cattle (P) Sep 2016   134.92   +1.22   +0.91%
Feeder Cattle (P) Oct 2016   132.30   +1.65   +1.26%
Feeder Cattle (P) Nov 2016   129.88   +1.78   +1.39%

Lean Hogs (P) Oct 2016   59.42   +0.12   +0.20%
Lean Hogs (P) Dec 2016   53.02   -1.08   -2.00%
Lean Hogs (P) Feb 2017   57.78   -1.15   -1.95%

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