Modest weather market forming

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.

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

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