A modest weather market is forming ahead of the August 10 USDA report. U.S. corn was up again today and soybeans might have been, if not for expanding trade worries about American and Chinese relationships.
After being down so long, wheat remains on an upward march, hitting three-year highs as drought and less than ideal harvest conditions remain, potentially tightening global stocks. September Chicago SRW was up 2.25 US cents to US$5.60-50, September Kansas City HRW went up 7 cents to $5.7-75, and September Minneapolis spring wheat prices gained 2.5 cents to $6.10-50.
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U.S. livestock: Cattle futures rise as Cattle on Feed report shows lower inventory
Cattle futures climbed again on Friday as USDA data showed a continued decline in cattle on feed. Hogs also rose.
Canola remained flat on the day, as uncertainty about trade with American and the rest of the world left traders not looking for longer term commitments. November came in a C$496 on the day, up 20 cents per tonne.
Name / Contract | High | Low | Last | Change | Settlement |
Canola Nov 2018 (updated 2:19PM(CST) on 8/2/2018) | 497.70 | 494.00 | 496.00 | 0.20 | 496.00 |
Canola Jan 2019 (updated 2:21PM(CST) on 8/2/2018) | 504.70 | 500.70 | 502.60 | -0.20 | 502.60 |
Canola Mar 2019 (updated 2:20PM(CST) on 8/2/2018) | 509.80 | 506.60 | 508.00 | -0.80 | 508.00 |
Canola May 2019 (updated 2:19PM(CST) on 8/2/2018) | 513.70 | 510.80 | 512.20 | -1.30 | 512.20 |
Canola Jul 2019 (updated 2:20PM(CST) on 8/2/2018) | 516.10 | 513.90 | 514.60 | -1.90 | 514.60 |
Soybeans Aug 2018 | 886.75 | 875.00 | 882.50 | -4.25 | 882.50 |
Soybeans Sep 2018 | 893.00 | 875.75 | 888.00 | -3.50 | 887.00 |
Soybeans Nov 2018 | 903.50 | 885.50 | 898.25 | -3.50 | 897.50 |
Soybeans Jan 2019 | 914.25 | 897.00 | 909.50 | -3.25 | 908.75 |
Soybeans Mar 2019 | 923.00 | 906.00 | 918.50 | -3.25 | 918.00 |
Soybeans May 2019 | 932.00 | 915.50 | 928.00 | -2.50 | 927.50 |
Soybean Meal Aug 2018 | 336.30 | 331.80 | 332.80 | -3.70 | 332.80 |
Soybean Meal Sep 2018 | 334.50 | 329.50 | 330.80 | -3.70 | 331.00 |
Soybean Meal Oct 2018 | 334.70 | 330.00 | 331.50 | -3.30 | 331.30 |
Soybean Oil Aug 2018 | 28.39 | 27.96 | 28.12 | -0.33 | 28.12 |
Soybean Oil Sep 2018 | 28.76 | 28.05 | 28.38 | -0.24 | 28.29 |
Soybean Oil Oct 2018 | 28.87 | 28.18 | 28.47 | -0.25 | 28.40 |
Corn Sep 2018 | 372.75 | 364.75 | 367.25 | 2.25 | 366.75 |
Corn Dec 2018 | 387.25 | 379.25 | 381.75 | 2.25 | 381.25 |
Corn Mar 2019 | 397.50 | 390.00 | 392.50 | 2.25 | 392.25 |
Corn May 2019 | 403.00 | 396.00 | 398.75 | 2.75 | 398.00 |
Corn Jul 2019 | 407.75 | 401.00 | 404.25 | 3.25 | 403.75 |
Oats Sep 2018 | 244.00 | 237.00 | 243.00 | 4.00 | 243.00 |
Oats Dec 2018 | 251.75 | 247.25 | 250.50 | 2.25 | 250.75 |
Oats Mar 2019 | 253.00 | 253.00 | 254.25 | 2.00 | 254.25 |
Oats May 2019 | 256.75 | 256.75 | 256.75 | 1.75 | 256.75 |
Oats Jul 2019 | 260.00 | 260.00 | 260.00 | 1.75 | 260.00 |
Wheat Sep 2018 | 593.00 | 559.00 | 561.75 | 3.50 | 560.50 |
Wheat Dec 2018 | 613.00 | 579.50 | 583.75 | 5.00 | 582.75 |
Wheat Mar 2019 | 627.50 | 595.00 | 601.25 | 7.25 | 600.00 |
Wheat May 2019 | 630.00 | 599.00 | 607.00 | 8.50 | 606.00 |
Wheat Jul 2019 | 617.25 | 595.00 | 597.25 | 0.50 | 597.50 |
Spring Wheat Sep 2018 | 635.00 | 606.75 | 610.50 | 2.50 | 610.50 |
Spring Wheat Dec 2018 | 652.50 | 624.50 | 627.75 | 1.75 | 627.75 |
Spring Wheat Mar 2019 | 665.75 | 641.00 | 641.75 | 0.75 | 641.75 |
Spring Wheat May 2019 | 670.00 | 648.25 | 648.25 | -0.50 | 648.25 |
Spring Wheat Jul 2019 | 673.00 | 651.00 | 652.50 | unch | 652.50 |
Hard Red Wheat Sep 2018 | 597.25 | 563.50 | 570.75 | 7.00 | 569.25 |
Hard Red Wheat Dec 2018 | 624.25 | 591.25 | 598.25 | 7.00 | 596.75 |
Hard Red Wheat Mar 2019 | 641.00 | 608.50 | 615.00 | 6.25 | 614.00 |
Hard Red Wheat May 2019 | 646.25 | 614.75 | 622.75 | 8.00 | 621.25 |
Hard Red Wheat Jul 2019 | 632.00 | 610.75 | 614.00 | 1.75 | 614.25 |
Live Cattle (P) Aug 2018 | 109.08 | 107.98 | 108.75 | 0.13 | 108.60 |
Live Cattle (P) Oct 2018 | 110.78 | 109.30 | 109.87 | -0.41 | 109.95 |
Live Cattle (P) Dec 2018 | 114.45 | 113.12 | 113.68 | -0.34 | 113.82 |
Feeder Cattle (P) Aug 2018 | 152.10 | 149.92 | 150.82 | -1.01 | 151.20 |
Feeder Cattle (P) Sep 2018 | 152.32 | 149.92 | 151.15 | -0.80 | 151.35 |
Feeder Cattle (P) Oct 2018 | 152.45 | 150.28 | 151.30 | -0.92 | 151.60 |
Lean Hogs (P) Aug 2018 | 59.90 | 58.68 | 58.80 | -1.45 | 58.98 |
Lean Hogs (P) Oct 2018 | 50.45 | 49.60 | 49.65 | -1.13 | 49.65 |
Lean Hogs (P) Dec 2018 | 46.12 | 45.02 | 45.02 | -1.28 | 45.18 |
Canadian Dollar Aug 2018 | 0.7693 | 0.7679 | 0.7680 | -0.0019 | 0.7680 |
Crude Sep 2018 | 69.36 | 66.92 | 69.06 | 1.40 | 68.96 |