Canola was mixed and soybeans fell sharply on Friday while wheat soared on anxiety about dry weather in Kansas and Russia.
July canola closed at $613.20 per tonne, up $1.80 on tight old crop supply.
November closed at $562.60, down 50 cents.
Compared to the previous Friday close July was up $5.10 and November was up $1.20.
A weaker loonie helped to lessen the impact of the falling soybean prices.
Traders exited long-soybean/short-wheat spreads on worries about dry weather hurting wheat yields.
Soybeans also pressured by news that China will sell 600,000 tonnes of domestic soy from state reserves next week. That could slow its imports.
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Chicago Board of Trade corn futures extended slight gains on Tuesday as short covering and bargain buying continued to support a rebound from contract lows reached during the previous session.
Wheat soared on dryness in the southern plains hard red wheat crop and in southern Russia. Wheat lifted corn. Also supporting corn was developing dryness in parts of the Midwest.
Temperatures in parts of Alberta are forecast to get down to 0 C tonight and Saturday night.
Winnipeg (per tonne)
Canola Jul 12 $613.20, up $1.80 +0.29%
Canola Nov 12 $562.60, down $0.50 -0.09%
Canola Jan 13 $566.10, unchanged
Canola Mar 13 $568.80, up $0.20 +0.04%
The previous day’s best basis in the par region was $14 above the July contract.
The 14-day Relative Strength Index was 49.6.
Western Barley Jul 12 $237.00, unchanged
Western Barley Oct 12 $210.00, unchanged
Milling Wheat Oct 12 $245.00, unchanged
Milling Wheat Dec 12 $250.00, unchanged
Milling Wheat Mar 13 $259.00, unchanged
Durum Wheat Oct 12 $275.60, unchanged
Durum Wheat Dec 12 $280.10, unchanged
Durum Wheat Mar 13 $286.70, unchanged
Barley Oct 12 $184.00, unchanged
Barley Dec 12 $189.00, unchanged
Barley Mar 13 $192.00, unchanged
Chicago (per bushel)
Soybeans Jul 12 $14.05, down 33 cents -2.29%
Soybeans Aug 12 $13.81, down 24.25 -1.73%
Soybeans Nov 12 $12.88, down 18.5 -1.42%
Corn Jul 12 $6.355, up 10.5 +1.68%
Corn Sep 12 $5.465, up 8.0 +1.49%
Corn Dec 12 $5.37, up 8.75 +1.66%
Oats Jul 12 $3.40, up 1.5 +0.44%
Oats Sep 12 $3.445, up 1.5 +0.44%
Oats Dec 12 $3.50, up 2.5 +0.72%
Minneapolis (per bushel)
Spring Wheat Jul 12 $7.92, up 24.75 cents +3.23%
Spring Wheat Sep 12 $7.885, up 24.0 +3.14%
Spring Wheat Dec 12 $7.90, up 21.5 +2.80%
Spring Wheat Mar 13 $7.9275, up 19.25 +2.49%
The nearby light crude oil contract in New York fell $1.08 to close at $91.48 per barrel.
The loonie continued to fall against the U.S. buck on anxiety about Greece’s political turmoil and the future of the eurozone.
The Bank of Canada noon rate was 97.94 cents US, down from 98.39 cents the previous trading day.
The U.S. dollar was $1.0210 Cdn.
The loonie is down more than three cents this month.
Stock markets fell on growing concerns that global growth will suffer from the euro zone’s problems and signs of a slowing U.S. recovery.
The Dow Jones industrial average dropped 73.11 points, or 0.59 percent, to 12,369.38. The Standard & Poor’s 500 Index lost 9.64 points, or 0.74 percent, to 1,295.22. The Nasdaq Composite Index fell 34.90 points, or 1.24 percent, to 2,778.79.
For the week, the TSX fell 3.5 percent, the Dow fell 3.5 percent, the S&P 500 declined 4.3 percent and the the Nasdaq was down 5.3 percent.
