Major crop futures fall

Canola and soybeans broke their recent winning streak today, succumbing to broad weakness in crop futures.

November dipped beneath the confidence-bolstering $500 mark during the session, but clawed back some of its loss to close down two dollars per tonne at $500.60. January closed down $2.20 at $506.30.

All three major crops’ futures fell Friday, with corn suffering the most proportionately, then winter wheat, then soybeans. Spring wheat fell but lost only a couple of cents on the day.

Crops were the biggest losers of the commodities complex market Friday, but the overall tone was weak.

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Stock markets fell slightly too, staying negative and helping end some of the bullishness that has dominated markets recently.

North American crops are large and every day of good weather gets them closer to frost-free completion.

Winnipeg ICE Futures Canada dollars per tonne

Canola Nov 2013    500.60    -2.00    -0.40%
Canola Jan 2014    506.30    -2.20    -0.43%
Canola Mar 2014    511.40    -3.00    -0.58%
Canola May 2014    516.40    -3.50    -0.67%
Canola Jul 2014    521.60    -3.60    -0.69%

Milling Wheat Oct 2013    252.00    +1.00    +0.40%
Milling Wheat Dec 2013    257.00    +1.00    +0.39%
Milling Wheat Mar 2014    262.00    +1.00    +0.38%

Durum Wheat Oct 2013    286.00    unch    0.00%
Durum Wheat Dec 2013    290.00    unch    0.00%
Durum Wheat Mar 2014    300.00    unch    0.00%

Barley Oct 2013    189.00    unch    0.00%
Barley Dec 2013    194.00    unch    0.00%
Barley Mar 2014    194.00    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 2013    1283.25    -5    -0.39%
Soybeans Nov 2013    1259.25    -6.25    -0.49%
Soybeans Jan 2014    1261.75    -6.5    -0.51%
Soybeans Mar 2014    1250.75    -9.25    -0.73%
Soybeans May 2014    1233.5    -12.75    -1.02%
Soybeans Jul 2014    1236    -12.5    -1.00%

Soybean Meal Sep 2013    408.8    -1    -0.24%
Soybean Meal Oct 2013    390.2    -1.2    -0.31%
Soybean Meal Dec 2013    386.3    -1.3    -0.34%

Soybean Oil Sep 2013    42.81    -0.31    -0.72%
Soybean Oil Oct 2013    42.92    -0.3    -0.69%
Soybean Oil Dec 2013    43.16    -0.29    -0.67%

Corn Sep 2013    473.75    -7.75    -1.61%
Corn Dec 2013    463.5    -8.75    -1.85%
Corn Mar 2014    476    -8.5    -1.75%
Corn May 2014    484    -8.5    -1.73%
Corn Jul 2014    490    -9    -1.80%

Oats Sep 2013    377.5    -5.25    -1.37%
Oats Dec 2013    330    -1.25    -0.38%
Oats Mar 2014    333.75    -1.5    -0.45%
Oats May 2014    334    -1.5    -0.45%
Oats Jul 2014    338.25    -1.5    -0.44%

Wheat Sep 2013    631    -6.5    -1.02%
Wheat Dec 2013    643.5    -6    -0.92%
Wheat Mar 2014    656.25    -5.5    -0.83%
Wheat May 2014    663.25    -6    -0.90%
Wheat Jul 2014    660.5    -6.75    -1.01%

Minneapolis
Spring Wheat Sep 2013    737.25    -2.25    -0.30%
Spring Wheat Dec 2013    738.25    -4.75    -0.64%
Spring Wheat Mar 2014    750    -5    -0.66%
Spring Wheat May 2014    757    -5.25    -0.69%
Spring Wheat Jul 2014    760.25    -4.5    -0.59%

Kansas City
KCBT Red Wheat Sep 2013    698.25    -4.75    -0.68%
KCBT Red Wheat Dec 2013    702.25    -4    -0.57%
KCBT Red Wheat Mar 2014    710    -3.25    -0.46%
KCBT Red Wheat May 2014    713.75    -3    -0.42%
KCBT Red Wheat Jul 2014    704.75    -1.5    -0.21%

Light crude oil nearby futures in New York rose 13 cents at $107.46 US per barrel.

The Canadian dollar at noon was 96.67 cents US, down from 96.71 cents the previous trading day. The U.S. dollar at noon was $1.0345 Cdn.