ICE Canada canola rises on short-covering

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Published: September 8, 2016

WINNIPEG, Manitoba, Sept 8 (Reuters) – ICE Canada canola futures rose on Thursday on short-covering after two consecutive losses.

* November canola rose $3.90 to $463.30 per tonne.

* January canola was up $3.80 at $470.20.

* November-January canola spread traded 2,531 times.

* Chicago November soybeans climbed on technical buying.

* NYSE Liffe November rapeseed dipped and October Malaysian crude palm oil edged higher.

* The Canadian dollar was trading at $1.2918 to the U.S. dollar, or 77.41 U.S. cents at 1:12 p.m. CDT (1812 GMT), lower than Wednesday’s close of $1.2900, or 77.52 U.S. cents.

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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.

* 17 percent of Saskatchewan canola has been harvested, the provincial government said.

Light crude oil nearby futures in New York were up $2.12 to US$47.62 per barrel.
The Canadian dollar at noon was US77.47 cents, down from 77.55 cents the previous trading day. The U.S. dollar at noon was C$1.2909.

Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2016   463.30   +3.90   +0.85%
Canola Jan 2017   470.20   +3.80   +0.81%
Canola Mar 2017   476.30   +3.80   +0.80%
Canola May 2017   482.20   +3.50   +0.73%
Canola Jul 2017   487.00   +3.70   +0.77%

Milling Wheat Oct 2016   204.00   +1.00   +0.49%
Milling Wheat Dec 2016   207.00   +1.00   +0.49%
Milling Wheat Mar 2017   212.00   +2.00   +0.95%

Durum Wheat Oct 2016   263.00   +3.00   +1.15%
Durum Wheat Dec 2016   265.00   +2.00   +0.76%
Durum Wheat Mar 2017   268.00   +1.00   +0.37%

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   992.00   +0.25   +0.03%
Soybeans Nov 2016   976.75   +1.25   +0.13%

Soybeans Jan 2017   980.50   +1.50   +0.15%
Soybeans Mar 2017   984.00   +1.75   +0.18%
Soybeans May 2017   987.50   +2.50   +0.25%
Soybeans Jul 2017   990.25   +2.00   +0.20%

Soybean Meal Sep 2016   325.10   +1.30   +0.40%
Soybean Meal Oct 2016   319.40   +1.00   +0.31%
Soybean Meal Dec 2016   317.60   +0.90   +0.28%

Soybean Oil Sep 2016   32.94   +0.13   +0.40%
Soybean Oil Oct 2016   33.00   +0.11   +0.33%
Soybean Oil Dec 2016   33.27   +0.12   +0.36%

Corn Sep 2016   327.00   +6.00   +1.87%
Corn Dec 2016   338.50   +5.25   +1.58%
Corn Mar 2017   348.50   +5.50   +1.60%
Corn May 2017   355.75   +5.25   +1.50%
Corn Jul 2017   362.50   +5.00   +1.40%

Oats Sep 2016   165.00   +1.25   +0.76%
Oats Dec 2016   177.75   +3.00   +1.72%
Oats Mar 2017   190.50   +1.75   +0.93%
Oats May 2017   196.00   +1.25   +0.64%
Oats Jul 2017   203.25   +1.00   +0.49%

Wheat Sep 2016   377.00   +1.75   +0.47%
Wheat Dec 2016   406.00   +3.25   +0.81%
Wheat Mar 2017   427.25   +5.00   +1.18%
Wheat May 2017   441.00   +6.50   +1.50%
Wheat Jul 2017   452.75   +6.25   +1.40%

Minneapolis
Spring Wheat Sep 2016   495.00   +3.25   +0.66%
Spring Wheat Dec 2016   492.00   +4.00   +0.82%
Spring Wheat Mar 2017   503.50   +4.25   +0.85%
Spring Wheat May 2017   512.75   +4.25   +0.84%
Spring Wheat Jul 2017   522.25   +4.50   +0.87%

Kansas City
Hard Red Wheat Sep 2016   392.50   +7.75   +2.01%
Hard Red Wheat Dec 2016   418.00   +7.00   +1.70%
Hard Red Wheat Mar 2017   434.00   +6.25   +1.46%
Hard Red Wheat May 2017   444.75   +6.50   +1.48%

Hard Red Wheat Jul 2017   454.50   +6.00   +1.34%

Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Oct 2016   101.40   -1.02   -1.00%
Live Cattle (P) Dec 2016   102.60   -1.60   -1.54%
Live Cattle (P) Feb 2017   103.22   -1.28   -1.22%

Feeder Cattle (P) Sep 2016   131.60   -1.55   -1.16%
Feeder Cattle (P) Oct 2016   128.50   -2.25   -1.72%
Feeder Cattle (P) Nov 2016   126.28   -2.12   -1.65%

Lean Hogs (P) Oct 2016   61.00   +0.13   +0.21%
Lean Hogs (P) Dec 2016   55.48   +0.10   +0.18%
Lean Hogs (P) Feb 2017   60.05   -0.05   -0.08%

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