A big jump in soy oil prices helped lift most canola futures higher Friday, allowing the May contract to post a $3.20 gain on the week.
Most-traded May closed at $469.30 a tonne, up 0.7 percent on the week.
March, which is in its delivery period, closed at $461.30, down $8.80 on the week.
But new crop November closed at $458.60, up $10 on the week, or 2.2 percent
Basis bids appear to be improving in some locations. The best crushing plant basis bids are in Manitoba.
The soy oil market was strong today as traders exited their soymeal/soyoil spread positions on the last trading day of the month, Reuters reported
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The continuing truckers protest in Brazil also supported oilseeds. A number of the road blockades were called off as police began fining and arresting the protestors, but 59 roads remained blocked.
Dozens of hog and poultry slaughter plants have been forced to temporarily close.
The second most important soy shipping port of Paranagua has supply to continue loading ships until March 4. The third soybean port Rio Grande might run out of soybeans on the weekend, Reuters reported.
The protests are causing fuel shortages in agricultural areas, threatening the soy and corn harvest.
The truckers are protesting high diesel costs and other issues.
For the week, the front-month CBOT soybean contract rose 2.9 percent, its fourth straight week of gains. CBOT soymeal rose 1.5 and CBOT soyoil rose 4.3 percent.
CBOT soybeans rose seven percent in February, while soyoil gained 9.4 percent and soymeal rose 6.9 percent.
Wheat rose today on bargain buying and ideas that another cold snap could cause damage to wheat fields not covered by snow.
Large parts of Nebraska do not have snow and temperatures got down to -15 C over night and are forecast to fall to -18 C on Tuesday but the latter cold snap will also have snow.
For the month, CBOT March wheat rose 2.9 percent, while K.C. March wheat fell one percent.
MGEX March spring wheat was nearly unchanged in February.
Corn on Friday rose with support from wheat and as investors exited short positions on the last trading day of the week and month.
Light crude oil nearby futures in New York were up $1.59 to US$49.76 per barrel.
The Canadian dollar at noon was US79.95 cents, down from US80.06 cents the previous trading day. The U.S. dollar at noon was C$1.2508.
The Toronto Stock Exchange’s S&P/TSX composite index closed down 6.82 points, or 0.04 percent, at 15,234.34.
On the week, the TSX composite rose 0.4 percent and on the month it rose 3.8 percent.
The Dow Jones industrial average fell 81.33 points on the day, or 0.45 percent, to 18,133.09.
The S&P 500 lost 6.25 points, or 0.3 percent, to 2,104.49 and the Nasdaq Composite dropped 24.36 points, or 0.49 percent, to 4,963.53.
The Dow rose 5.6 percent in the month, its best monthly performance since January 2013.
The S&P 500 gained 5.5 percent for the month, while the Nasdaq rose 7.1 percent,
Winnipeg ICE Futures Canada dollars per tonne
Canola Mar 2015 461.30 +6.30 +1.38%
Canola May 2015 469.30 +5.90 +1.27%
Canola Jul 2015 468.50 +6.30 +1.36%
Canola Nov 2015 458.60 +6.50 +1.44%
Canola Jan 2016 460.70 +6.90 +1.52%
Milling Wheat Mar 2015 220.00 +3.00 +1.38%
Milling Wheat May 2015 230.00 +3.00 +1.32%
Milling Wheat Jul 2015 233.00 +3.00 +1.30%
Durum Wheat Mar 2015 333.00 unch 0.00%
Durum Wheat Jul 2015 313.00 unch 0.00%
Barley Mar 2015 180.00 unch 0.00%
Barley May 2015 182.00 unch 0.00%
Barley Jul 2015 184.00 unch 0.00%
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound
Chicago
Soybeans Mar 2015 1030.75 +6.75 +0.66%
Soybeans May 2015 1031.75 +5.25 +0.51%
Soybeans Jul 2015 1034.75 +4.75 +0.46%
Soybeans Aug 2015 1031 +4 +0.39%
Soybeans Sep 2015 1012 +1.75 +0.17%
Soybeans Nov 2015 997.5 unch 0.00%
Soybean Meal Mar 2015 353.7 -0.9 -0.25%
Soybean Meal May 2015 342.4 -1.7 -0.49%
Soybean Meal Jul 2015 339 -1.3 -0.38%
Soybean Oil Mar 2015 32.8 +0.96 +3.02%
Soybean Oil May 2015 32.95 +0.91 +2.84%
Soybean Oil Jul 2015 33.11 +0.89 +2.76%
Corn Mar 2015 384.5 +4.5 +1.18%
Corn May 2015 393.25 +4.75 +1.22%
Corn Jul 2015 401.25 +4.75 +1.20%
Corn Sep 2015 408.25 +4.5 +1.11%
Corn Dec 2015 417.5 +3.75 +0.91%
Oats Mar 2015 290.5 +9 +3.20%
Oats May 2015 278.25 +3.75 +1.37%
Oats Jul 2015 278.5 +1.75 +0.63%
Oats Sep 2015 282.75 unch 0.00%
Oats Dec 2015 285.75 -2 -0.70%
Wheat Mar 2015 517.5 +14.25 +2.83%
Wheat May 2015 513 +12.5 +2.50%
Wheat Jul 2015 516.75 +12 +2.38%
Wheat Sep 2015 525 +11.75 +2.29%
Wheat Dec 2015 538.5 +11.5 +2.18%
Minneapolis
Spring Wheat May 2015 566.5 +9.75 +1.75%
Spring Wheat Jul 2015 572.5 +9 +1.60%
Spring Wheat Sep 2015 579.25 +9 +1.58%
Spring Wheat Dec 2015 590.25 +8 +1.37%
Kansas City
Hard Red Wheat Mar 2015 534.5 +7.25 +1.38%
Hard Red Wheat May 2015 539.5 +7 +1.31%
Hard Red Wheat Jul 2015 546 +7.75 +1.44%
Hard Red Wheat Sep 2015 558.75 +7.75 +1.41%
Hard Red Wheat Dec 2015 574.5 +8 +1.41%
There is no snow in much of Nebraska and South Dakota.[/caption]
