Old crop canola edged higher while new crop barely changed on Wednesday.
Wheat regained some of the ground lost in the previous two days. A sale of U.S. wheat to Egypt supported wheat, as did concern about crop quality damage from forecasted heavy rain in the southern Plains in coming days.
Corn followed wheat higher.
The value of the U.S. dollar against a basket of world currencies has weakened, and that provided basic support to American crop futures.
There is the potential for frost in central and eastern Saskatchewan tonight.
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Canadian Canola Growers await info on Advance Payments Program changes
The Canadian Canola Growers Association says it’s waiting on more information from the federal government before it can double farmers’ access to interest-free canola advance payments.
Growing turmoil surrounding the Trump presidency has the market wondering if promised tax cuts and economic stimulation will move ahead.
Light crude oil nearby futures in New York were up 41 cents to US$49.07 per barrel.
In the afternoon, the Canadian dollar was trading around US73.45 cents, down from 73.63 cents the previous trading day. The U.S. dollar was C$1.3615.
The Dow Jones Industrial Average fell 372.82 points, or 1.78 percent, to 20,606.93, the S&P 500 lost 43.64 points, or 1.82 percent, to 2,357.03 and the Nasdaq Composite dropped 158.63 points, or 2.57 percent, to 6,011.24.
The TSX closed down 269.65 points, or 1.73 percent, at 15,273.68.
Winnipeg ICE Futures Canada dollars per tonne
Canola Jul 2017 527.70 +2.60 +0.50%
Canola Nov 2017 505.90 -0.20 -0.04%
Canola Jan 2018 510.80 -0.50 -0.10%
Canola Mar 2018 515.10 -0.30 -0.06%
Canola May 2018 517.40 unch 0.00%
Milling Wheat Jul 2017 235.00 -1.00 -0.42%
Milling Wheat Dec 2017 237.00 -3.00 -1.25%
Durum Wheat Jul 2017 274.00 unch 0.00%
Durum Wheat Oct 2017 267.00 -2.00 -0.74%
Durum Wheat Dec 2017 267.00 -2.00 -0.74%
Barley Jul 2017 138.00 unch 0.00%
Barley Oct 2017 140.00 unch 0.00%
Barley Dec 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 Jul 2017 975.75 -0.50 -0.05%
Soybeans Aug 2017 975.00 -1.25 -0.13%
Soybeans Sep 2017 970.50 -0.50 -0.05%
Soybeans Nov 2017 967.75 unch 0.00%
Soybeans Jan 2018 975.25 unch 0.00%
Soybeans Mar 2018 978.50 -0.50 -0.05%
Soybean Meal Jul 2017 315.30 -1.70 -0.54%
Soybean Meal Aug 2017 316.10 -1.50 -0.47%
Soybean Meal Sep 2017 316.60 -1.40 -0.44%
Soybean Oil Jul 2017 33.15 +0.14 +0.42%
Soybean Oil Aug 2017 33.25 +0.15 +0.45%
Soybean Oil Sep 2017 33.34 +0.14 +0.42%
Corn Jul 2017 371.50 +3.75 +1.02%
Corn Sep 2017 379.25 +3.50 +0.93%
Corn Dec 2017 389.00 +3.50 +0.91%
Corn Mar 2018 398.50 +3.50 +0.89%
Corn May 2018 404.50 +3.25 +0.81%
Oats Jul 2017 235.50 +5.75 +2.50%
Oats Sep 2017 227.50 +5.50 +2.48%
Oats Dec 2017 224.00 +5.00 +2.28%
Oats May 2018 227.25 +5.25 +2.36%
Wheat Jul 2017 427.00 +2.75 +0.65%
Wheat Sep 2017 440.25 +2.00 +0.46%
Wheat Dec 2017 461.75 +2.25 +0.49%
Wheat Mar 2018 479.50 +2.00 +0.42%
Wheat May 2018 490.50 +1.75 +0.36%
Minneapolis
Spring Wheat Jul 2017 541.00 +1.25 +0.23%
Spring Wheat Sep 2017 547.75 +1.00 +0.18%
Spring Wheat Dec 2017 556.00 +0.75 +0.14%
Spring Wheat Mar 2018 564.50 +0.50 +0.09%
Spring Wheat May 2018 569.50 unch 0.00%
Kansas City
Hard Red Wheat Jul 2017 426.50 +2.00 +0.47%
Hard Red Wheat Sep 2017 443.75 +2.00 +0.45%
Hard Red Wheat Dec 2017 468.75 +2.50 +0.54%
Hard Red Wheat Mar 2018 483.25 +2.00 +0.42%
Hard Red Wheat May 2018 493.75 +1.25 +0.25%
Chicago livestock futures in US¢/pound (rounded to two decimal places)
Live Cattle (P) Jun 2017 122.45 +0.55 +0.45%
Live Cattle (P) Aug 2017 118.82 +0.57 +0.48%
Live Cattle (P) Oct 2017 115.58 +0.45 +0.39%
Feeder Cattle (P) May 2017 141.98 +1.03 +0.73%
Feeder Cattle (P) Aug 2017 147.72 +0.02 +0.01%
Feeder Cattle (P) Sep 2017 147.88 +0.20 +0.14%
Lean Hogs (P) Jun 2017 78.90 +0.18 +0.23%
Lean Hogs (P) Jul 2017 79.00 -0.47 -0.59%
Lean Hogs (P) Aug 2017 78.67 -0.16 -0.20%
