ICE canola futures ease, traders roll positions ahead

WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Tuesday, with little firm direction, as traders focused on advancing positions to the next contract month.

Funds were covering March short positions and moving them to the May contract which now has the largest open interest, a trader said.

March canola lost 40 cents to $459.40 per tonne.

March-May canola spread traded 6,355 times.

U.S. soybean futures ended little changed after the federal U.S. government said U.S. supplies would fall as Chinese purchases rise.

Euronext May rapeseed futures and Malaysian April palm oil futures dipped.

Canadian National Railway Co said on Tuesday it would be forced to shut down parts of its rail network unless rail line blockades in protest against a natural gas pipeline in British Columbia are removed. (

 

OUTSIDE MARKETS

Light crude oil nearby futures in New York was up 37 cents at US$49.94 per barrel.

In the afternoon, the Canadian dollar was trading around US75.23 cents, down from 75.08 cents the previous trading day. The U.S. dollar was C$1.3292.

 

Winnipeg ICE Futures Canada dollars per tonne.

Canola Mar 20 459.40s -0.40 -0.09%

Canola May 20 468.60s -0.40 -0.09%

Canola Jul 20 475.30s -0.80 -0.17%

Canola Nov 20 482.20s -0.70 -0.14%

Canola Jan 21 488.70s -0.70 -0.14%

 

American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound. Prices are displayed with fractions (2/8, 4/8, and 6/8) instead of decimals. -2 equals .25, -4 equals .50, -6 equals .75. The “s” means it is the settlement.

 

Chicago

Soybean Mar 20 884-6s +0-4 +0.06%

Soybean May 20 897-2s unch unch

Soybean Jul 20 910-2s unch unch

Soybean Aug 20 914-6s unch unch

Soybean Sep 20 915-0s +0-2 +0.03%

 

Soybean Meal Mar 20 290.8s -0.6 -0.21%

Soybean Meal May 20 296.5s -0.6 -0.20%

Soybean Meal Jul 20 301.9s -0.3 -0.10%

 

Soybean Oil Mar 20 30.72s +0.10 +0.33%

Soybean Oil May 20 31.08s +0.09 +0.29%

Soybean Oil Jul 20 31.46s +0.09 +0.29%

 

Corn Mar 20 379-6s -2-0 -0.52%

Corn May 20 384-2s -2-2 -0.58%

Corn Jul 20 388-2s -2-4 -0.64%

Corn Sep 20 387-4s -1-4 -0.39%

Corn Dec 20 392-0s -1-4 -0.38%

 

Oats Mar 20 299-2s -2-4 -0.83%

Oats May 20 296-4s -1-2 -0.42%

Oats Jul 20 289-2s -0-4 -0.17%

Oats Sep 20 272-0s -0-2 -0.09%

Oats Dec 20 269-6s -0-2 -0.09%

 

Wheat Mar 20 542-0s -10-0 -1.81%

Wheat May 20 544-0s -7-4 -1.36%

Wheat Jul 20 544-6s -7-6 -1.40%

Wheat Sep 20 551-2s -7-4 -1.34%

Wheat Dec 20 561-0s -7-2 -1.28%

 

Minneapolis

Spring Wheat Mar 20 531-2s -2-4 -0.47%

Spring Wheat May 20 541-0s -2-4 -0.46%

Spring Wheat Jul 20 549-4s -2-2 -0.41%

Spring Wheat Sep 20 558-4s -1-6 -0.31%

Spring Wheat Dec 20 570-2s -1-2 -0.22%

 

Kansas City

Hard Red Wheat Mar 20 468-2s -4-2 -0.90%

Hard Red Wheat May 20 474-2s -4-2 -0.89%

Hard Red Wheat Jul 20 481-0s -4-2 -0.88%

Hard Red Wheat Sep 20 488-6s -4-2 -0.86%

Hard Red Wheat Dec 20 500-2s -4-2 -0.84%

 

Chicago livestock futures in US¢/pound, Pit trade

Live Cattle Feb 20 119.075s -1.225 -1.02%

Live Cattle Apr 20 117.175s -1.500 -1.26%

Live Cattle Jun 20 109.125s -1.325 -1.20%

 

Feeder Cattle Mar 20 134.675s -1.025 -0.76%

Feeder Cattle Apr 20 136.725s -0.800 -0.58%

Feeder Cattle May 20 138.475s -0.975 -0.70%

 

Lean Hogs Feb 20 56.125s -0.075 -0.13%

Lean Hogs Apr 20 64.225s -0.850 -1.31%

Lean Hogs May 20 73.800s -0.600 -0.81%

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