ICE Canada canola futures jump with soyoil on U.S. biofuels targets

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Published: November 23, 2016

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WINNIPEG, Manitoba, Nov 23 (Reuters) – ICE Canada canola futures jumped 1.5 percent on Wednesday, hitting its highest most active price since May, taking strength from a soyoil rally after the United States boosted 2017 biofuels requirements.

* The U.S. government issued final requirements for biofuel use for next year, saying energy companies must boost the amount of renewables in U.S. fuel supply.

* January canola gained $7.80 at $528 per tonne.

* January-March canola spread traded 10,422 times.

* Chicago January soybeans rose following soyoil.

* NYSE Liffe February rapeseed and Malaysian February crude palm oil rose.

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(Photo courtesy Canada Beef Inc.)

Feed Grains Weekly: Price likely to keep stepping back

As the harvest in southern Alberta presses on, a broker said that is one of the factors pulling feed prices lower in the region. Darcy Haley, vice-president of Ag Value Brokers in Lethbridge, added that lower cattle numbers in feedlots, plentiful amounts of grass for cattle to graze and a lacklustre export market also weighed on feed prices.

* The Canadian dollar was trading at $1.3480 to the U.S. dollar, or 74.18 U.S. cents at 1 p.m. CST (1900 GMT), lower than Tuesday’s settlement at $1.3453 to the greenback, or 74.33 U.S. cents.

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

Chicago

Soybeans Jan 2017 1034.25 +4.25 +0.41%
Soybeans Mar 2017 1043.00 +4.25 +0.41%
Soybeans May 2017 1049.00 +3.50 +0.33%
Soybeans Jul 2017 1053.75 +3.50 +0.33%
Soybeans Aug 2017 1050.75 +3.00 +0.29%
Soybeans Sep 2017 1032.00 +1.00 +0.10%

Soybean Meal Dec 2016 316.40 -8.50 -2.62%
Soybean Meal Jan 2017 318.60 -8.80 -2.69%
Soybean Meal Mar 2017 320.90 -8.90 -2.70%

Soybean Oil Dec 2016 36.85 +2.37 +6.87%
Soybean Oil Jan 2017 37.14 +2.37 +6.82%
Soybean Oil Mar 2017 37.40 +2.37 +6.77%

Corn Dec 2016 350.75 -0.25 -0.07%
Corn Mar 2017 359.25 +0.25 +0.07%
Corn May 2017 366.00 +0.50 +0.14%
Corn Jul 2017 373.25 +0.75 +0.20%
Corn Sep 2017 379.75 +0.50 +0.13%

Oats Dec 2016 216.75 -4.75 -2.14%
Oats Mar 2017 223.25 -4.75 -2.08%
Oats May 2017 226.50 -4.00 -1.74%

Oats Jul 2017 228.00 -1.75 -0.76%
Oats Sep 2017 223.25 -1.75 -0.78%

Wheat Dec 2016 401.50 -5.75 -1.41%
Wheat Mar 2017 423.75 -3.50 -0.82%
Wheat May 2017 437.25 -4.00 -0.91%
Wheat Jul 2017 452.50 -3.50 -0.77%
Wheat Sep 2017 467.25 -3.25 -0.69%

Minneapolis

Spring Wheat Dec 2016 527.25 +0.25 +0.05%
Spring Wheat Mar 2017 526.25 -0.25 -0.05%
Spring Wheat May 2017 529.75 -1.50 -0.28%
Spring Wheat Jul 2017 534.75 -1.75 -0.33%
Spring Wheat Sep 2017 541.50 -1.50 -0.28%

Kansas City

Hard Red Wheat Dec 2016 415.50 -1.00 -0.24%
Hard Red Wheat Mar 2017 433.50 -0.75 -0.17%
Hard Red Wheat May 2017 445.50 -0.75 -0.17%
Hard Red Wheat Jul 2017 456.50 -0.75 -0.16%
Hard Red Wheat Sep 2017 470.75 -0.50 -0.11%

Chicago livestock futures in US¢/pound (rounded to two decimal places)

Live Cattle (P) Dec 2016 109.67 +0.32 +0.29%
Live Cattle (P) Feb 2017 110.80 +0.63 +0.57%
Live Cattle (P) Apr 2017 110.40 +0.55 +0.50%

Feeder Cattle (P) Jan 2017 124.90 +0.85 +0.69%
Feeder Cattle (P) Mar 2017 120.88 +1.13 +0.94%

Feeder Cattle (P) Apr 2017 120.45 +1.20 +1.01%

Lean Hogs (P) Dec 2016 49.75 +0.45 +0.91%
Lean Hogs (P) Feb 2017 55.55 unch 0.00%
Lean Hogs (P) Apr 2017 61.92 +0.07 +0.11%

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