ICE Canada canola rises on technical buying

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Published: September 9, 2016

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WINNIPEG, Manitoba, Sept 9 (Reuters) – ICE Canada canola futures rose on Friday, boosted by technical buying, and notched a small weekly gain.

* Exporters and crushers may also have been buyers, a trader said.

* Canadian and Chinese officials held productive talks last week on a dispute over canola exports and will meet again next week, Trade Minister Chrystia Freeland said.

* November canola rose $2.40 at $465.70 per tonne. Gained 0.3 percent for the week.

* January canola added $2.30 at $472.50.

* November-January canola spread traded 1,825 times.

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* Chicago November soybeans edged higher on export demand.

* NYSE Liffe November rapeseed and October Malaysian crude palm oil rose.

* The Canadian dollar was trading at $1.3046 to the U.S. dollar, or 76.65 U.S. cents at 12:47 p.m. CDT (1747 GMT), lower than Thursday’s close of $1.2928, or 77.35 U.S.

* Canada weekly canola crushings rose 5.6 percent.

* Wet weather slowed harvest in Alberta.

Light crude oil nearby futures in New York were down $1.74 to US$45.88 per barrel.

The Canadian dollar at noon was US76.73 cents, down from 77.47 cents the previous trading day. The U.S. dollar at noon was C$1.3033.

Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 2016   465.70   +2.40   +0.52%
Canola Jan 2017   472.50   +2.30   +0.49%
Canola Mar 2017   477.80   +1.50   +0.31%
Canola May 2017   483.20   +1.00   +0.21%
Canola Jul 2017   487.30   +0.30   +0.06%

Milling Wheat Oct 2016   209.00   +5.00   +2.45%
Milling Wheat Dec 2016   212.00   +5.00   +2.42%

Milling Wheat Mar 2017   216.00   +4.00   +1.89%

Durum Wheat Oct 2016   263.00   unch   0.00%
Durum Wheat Dec 2016   265.00   unch   0.00%
Durum Wheat Mar 2017   268.00   unch   0.00%

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   997.25   +5.25   +0.53%
Soybeans Nov 2016   980.25   +3.50   +0.36%
Soybeans Jan 2017   984.25   +3.75   +0.38%
Soybeans Mar 2017   987.50   +3.50   +0.36%
Soybeans May 2017   991.00   +3.50   +0.35%
Soybeans Jul 2017   994.25   +4.00   +0.40%

Soybean Meal Sep 2016   323.30   -1.80   -0.55%
Soybean Meal Oct 2016   317.70   -1.70   -0.53%
Soybean Meal Dec 2016   316.50   -1.10   -0.35%

Soybean Oil Sep 2016   33.03   +0.09   +0.27%
Soybean Oil Oct 2016   33.10   +0.10   +0.30%
Soybean Oil Dec 2016   33.37   +0.10   +0.30%

Corn Sep 2016   330.00   +3.00   +0.92%
Corn Dec 2016   341.00   +2.50   +0.74%
Corn Mar 2017   351.50   +3.00   +0.86%
Corn May 2017   358.75   +3.00   +0.84%
Corn Jul 2017   365.25   +2.75   +0.76%

Oats Sep 2016   164.25   -0.75   -0.45%
Oats Dec 2016   177.25   -0.50   -0.28%
Oats Mar 2017   190.50   unch   0.00%
Oats May 2017   197.00   +1.00   +0.51%
Oats Jul 2017   203.50   +0.25   +0.12%

Wheat Sep 2016   376.00   -1.00   -0.27%

Wheat Dec 2016   403.50   -2.50   -0.62%
Wheat Mar 2017   424.75   -2.50   -0.59%
Wheat May 2017   439.50   -1.50   -0.34%
Wheat Jul 2017   451.00   -1.75   -0.39%

Minneapolis
Spring Wheat Sep 2016   498.50   +3.50   +0.71%
Spring Wheat Dec 2016   494.00   +2.00   +0.41%
Spring Wheat Mar 2017   504.75   +1.25   +0.25%
Spring Wheat May 2017   514.00   +1.25   +0.24%
Spring Wheat Jul 2017   523.50   +1.25   +0.24%

Kansas City
Hard Red Wheat Sep 2016   393.50   +1.00   +0.25%
Hard Red Wheat Dec 2016   418.50   +0.50   +0.12%
Hard Red Wheat Mar 2017   434.50   +0.50   +0.12%
Hard Red Wheat May 2017   445.00   +0.25   +0.06%
Hard Red Wheat Jul 2017   455.00   +0.50   +0.11%

Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Oct 2016   104.40   +3.00   +2.96%
Live Cattle (P) Dec 2016   105.40   +2.80   +2.73%
Live Cattle (P) Feb 2017   105.55   +2.33   +2.26%

Feeder Cattle (P) Sep 2016   134.22   +2.62   +1.99%
Feeder Cattle (P) Oct 2016   131.28   +2.78   +2.16%
Feeder Cattle (P) Nov 2016   128.68   +2.41   +1.91%

Lean Hogs (P) Oct 2016   59.23   -1.77   -2.90%
Lean Hogs (P) Dec 2016   53.92   -1.56   -2.81%
Lean Hogs (P) Feb 2017   58.78   -1.27   -2.11%

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