Monday’s markets saw a pleasant little bump for wheat futures, at least temporarily reversing the recent unpleasant downtrend.
Spring wheat futures rose six cents, hard red winter wheat rose three to four cents and soft red winter rose four to nine cents per bushel.
Recent wheat exports from the United States have been good compared to last year. Decent rainfall in the southern Plains over the weekend did not rattle the markets.
Most other crops were up a bit too, with soybeans rising about eight cents per bu. and canola rising seven cents per bu. for the July contract.
Read Also
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.
A trucking dispute in Brazil is helping create a feeling of insecurity about accessing that nation’s gigantic soybean crop as easily as expected.
Corn futures broke the pattern of rises with a slight decline, possibly due to weak export sales compared to last year. Speculative funds have reversed a slight long position in corn futures to a moderately short position.
There might be some volatility between Canadian crop values later this week after Statistics Canada releases its seeding intentions report.
Most commodities were down a bit.
U.S. equity markets had a big bounce back Monday after Friday’s beating. Not all the lost ground was regained, but a more than 200 point recovery in the Dow 30 cheered some who feared a correction might have begun.
China helped over the weekend with restoring a bit of bullishness to the market. Its central bank cut reserve ratios for commercial banks in order to get more money into consumers’ and businesses’ hands.
Light crude oil nearby futures in New York were up 64 cents to US$56.38 per barrel.
The Canadian dollar at noon was US81.94 cents, up from 81.77 cents the previous trading day. The U.S. dollar at noon was C$1.2204.
Winnipeg ICE Futures Canada dollars per tonne
Canola May 2015 449.30 +1.80 +0.40%
Canola Jul 2015 454.20 +3.00 +0.66%
Canola Nov 2015 447.20 +3.90 +0.88%
Canola Jan 2016 448.40 +3.90 +0.88%
Canola Mar 2016 447.40 +3.90 +0.88%
Milling Wheat May 2015 203.00 -10.00 -4.69%
Milling Wheat Jul 2015 205.00 -12.00 -5.53%
Milling Wheat Oct 2015 211.00 -10.00 -4.52%
Durum Wheat May 2015 313.00 -10.00 -3.10%
Durum Wheat Jul 2015 303.00 -10.00 -3.19%
Durum Wheat Oct 2015 308.00 -10.00 -3.14%
Barley May 2015 207.00 +2.00 +0.98%
Barley Jul 2015 207.00 +2.00 +0.98%
Barley Oct 2015 192.00 +2.00 +1.05%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans May 2015 977.5 +8.75 +0.90%
Soybeans Jul 2015 979.5 +8 +0.82%
Soybeans Sep 2015 963.75 +6 +0.63%
Soybeans Nov 2015 958.25 +5.5 +0.58%
Soybeans Jan 2016 964.5 +5.5 +0.57%
Soybean Meal May 2015 318.5 +3.5 +1.11%
Soybean Meal Jul 2015 318 +3.3 +1.05%
Soybean Meal Aug 2015 316.2 +3 +0.96%
Soybean Oil May 2015 31.59 +0.07 +0.22%
Soybean Oil Jul 2015 31.79 +0.06 +0.19%
Soybean Oil Aug 2015 31.83 +0.07 +0.22%
Corn May 2015 378 -1.75 -0.46%
Corn Jul 2015 384.75 -2 -0.52%
Corn Sep 2015 392 -2 -0.51%
Corn Dec 2015 401.25 -2 -0.50%
Corn Mar 2016 411.25 -1.75 -0.42%
Oats May 2015 262.75 +0.25 +0.10%
Oats Jul 2015 266.75 -2.25 -0.84%
Oats Sep 2015 273.25 -1.75 -0.64%
Oats Dec 2015 278.25 -2 -0.71%
Oats Mar 2016 282.25 -2.25 -0.79%
Wheat May 2015 498.75 +4.25 +0.86%
Wheat Jul 2015 498.25 +9 +1.84%
Wheat Sep 2015 507 +9.25 +1.86%
Wheat Dec 2015 522 +8.75 +1.70%
Wheat Mar 2016 536.75 +8.75 +1.66%
Minneapolis
Spring Wheat May 2015 539 +6.25 +1.17%
Spring Wheat Jul 2015 551.25 +7 +1.29%
Spring Wheat Sep 2015 561 +6.75 +1.22%
Spring Wheat Dec 2015 573.5 +6.5 +1.15%
Spring Wheat Mar 2016 588.5 +7 +1.20%
Kansas City
Hard Red Wheat May 2015 512.5 +3.25 +0.64%
Hard Red Wheat Jul 2015 518 +3.25 +0.63%
Hard Red Wheat Sep 2015 529 +3 +0.57%
Hard Red Wheat Dec 2015 546.75 +3 +0.55%
Hard Red Wheat Mar 2016 559.5 +2.75 +0.49%
