ICE canola futures fall for fourth day

WINNIPEG, Manitoba (Reuters) – ICE canola futures tumbled on Thursday for the fourth straight day, dragged lower with soy on worries about the U.S.-China trade war.

U.S. President Donald Trump said he would impose an additional 10 percent tariff on $300 billion worth of Chinese imports starting Sept. 1.

November canola lost $1.50 to $442 per tonne.

The Grain World crop tour estimated an average Canadian canola yield of 39.9 bushels per acre in 2019-20, up slightly from 39.8 bushels a year earlier.

Most Saskatchewan crops are in fair to good condition, the government of the Canadian province said.

November-January canola spread traded 1,209 times.

Chicago August soybeans fell as the market shrugged off a small U.S. soybean sale to China.

Paris Matif November rapeseed futures edged higher and Malaysian October palm oil futures dipped.

The Canadian dollar weakened to a six-week low against its U.S. counterpart as oil prices fell and after hawkish comments by the Federal Reserve the previous day boosted the greenback.

OUTSIDE MARKETS

Light crude oil nearby futures in New York was down $3.55 at US$54.49 58.04 per barrel.

In the afternoon, the Canadian dollar was trading down .40 cents at around US75.66. The U.S. dollar was C$1.3217.

 

Winnipeg ICE Futures Canada dollars per tonne

Name / Contract Last Change % Change

Canola Nov 19 442.00s -1.50 -0.34%

Canola Jan 20 449.80s -1.30 -0.29%

Canola Mar 20 456.70s -1.50 -0.33%

Canola May 20 462.90s -1.00 -0.22%

Canola Jul 20 468.20s -0.80 -0.17%

 

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 Aug 19 847-0s -17-0 -1.97%

Soybean Sep 19 852-6s -16-2 -1.87%

Soybean Nov 19 865-2s -16-2 -1.84%

Soybean Jan 20 878-6s -16-2 -1.82%

Soybean Mar 20 891-6s -16-6 -1.84%

 

Soybean Meal Aug 19 293.2s -5.0 -1.68%

Soybean Meal Sep 19 295.1s -5.4 -1.80%

Soybean Meal Oct 19 296.7s -5.4 -1.79%

 

Soybean Oil Aug 19 27.68s -0.07 -0.25%

Soybean Oil Sep 19 27.80s -0.08 -0.29%

Soybean Oil Oct 19 27.92s -0.08 -0.29%

 

Corn Sep 19 392-6s -7-4 -1.87%

Corn Dec 19 402-4s -7-4 -1.83%

Corn Mar 20 413-2s -7-2 -1.72%

Corn May 20 419-6s -6-2 -1.47%

Corn Jul 20 424-4s -5-6 -1.34%

 

Oats Sep 19 258-4s +2-4 +0.98%

Oats Dec 19 265-2s +1-4 +0.57%

Oats Mar 20 269-4s +0-6 +0.28%

Oats May 20 269-0s +0-6 +0.28%

Oats Jul 20 268-6s +0-6 +0.28%

 

Wheat Sep 19 475-6s -11-4 -2.36%

Wheat Dec 19 480-6s -12-4 -2.53%

Wheat Mar 20 491-6s -12-4 -2.48%

Wheat May 20 497-6s -13-0 -2.55%

Wheat Jul 20 501-0s -13-2 -2.58%

 

Minneapolis

Spring Wheat Sep 19 518-4s -1-0 -0.19%

Spring Wheat Dec 19 532-2s -1-0 -0.19%

Spring Wheat Mar 20 547-0s -0-6 -0.14%

Spring Wheat May 20 556-0s -0-4 -0.09%

Spring Wheat Jul 20 565-2s -0-2 -0.04%

 

Kansas City

Hard Red Wheat Sep 19 415-6s -7-0 -1.66%

Hard Red Wheat Dec 19 433-2s -7-2 -1.65%

Hard Red Wheat Mar 20 450-4s -6-6 -1.48%

Hard Red Wheat May 20 462-2s -6-6 -1.44%

Hard Red Wheat Jul 20 468-0s -6-6 -1.42%

 

Chicago livestock futures in US¢/pound, Pit trade

Live Cattle   Aug 19 108.000s +1.100 +1.03%

Live Cattle   Oct 19 108.375s +0.725 +0.67%

Live Cattle   Dec 19 112.425s +0.200 +0.18%

 

Feeder Cattle   Aug 19 141.000s -0.525 -0.37%

Feeder Cattle   Sep 19 141.025s -1.425 -1.00%

Feeder Cattle   Oct 19 140.925s -1.625 -1.14%

 

Lean Hogs   Aug 19 76.700s -2.625 -3.31%

Lean Hogs   Oct 19 67.350s -3.650 -5.14%

Lean Hogs   Dec 19 66.000s -4.275 -6.08%

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