Canola futures fell along will soybeans on Monday, pressured by the rapid advance of the U.S. harvest.
November canola closed at $611.40, down $1.50 and close to a four-week low.
Losses were limited by continuing concern about lower than expected canola yields and by lack of farmer selling. The loonie weakened by a half a cent.
Manitoba Agriculture said harvest of cereals and canola is complete in that province. Soybeans, flax, corn and other crops are still being harvested.
Winnipeg (per tonne)
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Canola Nov 12 $611.40, down $1.50 -0.24%
Canola Jan 13 $614.90, down $1.30 -0.21%
Canola Mar 13 $614.30, down $1.40 -0.23%
Canola May 13 $605.40, down $1.30 -0.21%
Milling Wheat Oct 12 $301.50, unchanged
Milling Wheat Dec 12 $306.70, unchanged
Milling Wheat Mar 13 $316.20, unchanged
Durum Wheat Oct 12 $311.90, unchanged
Durum Wheat Dec 12 $316.40, unchanged
Durum Wheat Mar 13 $323.00, unchanged
Barley Oct 12 $250.30, unchanged
Barley Dec 12 $255.30, unchanged
Barley Mar 13 $258.30, unchanged
Chicago (per bushel)
Soybeans (P) Nov 12 $16.10, down 11.75 cents -0.72%
Soybeans (P) Jan 13 $16.11, down 11.0 -0.68%
Soybeans (P) Mar 13 $15.7225, down 7.25 $-0.46%
Soybeans (P) May 13 $15.2025, down 5.75 -0.38%
Corn (P) Dec 12 $7.4475, down 3.5 -0.47%
Corn (P) Mar 13 $7.4875, down 2.25 $-0.30%
Corn (P) May 13 $7.4725, down 2.5 -0.33%
Oats (P) Dec 12 $3.765, up 0.5 +0.13%
Oats (P) Mar 13 $3.8225, up 1.25 $+0.33%
Oats (P) May 13 $3.8325, up 2.25 $+0.59%
Minneapolis (per bushel)
Spring Wheat Dec 12 $9.505 down 7.25 -0.76%
Spring Wheat Mar 13 $9.58, down 7.25 -0.75%
Spring Wheat May 13 $9.6375, down 7.75-0.80%
Spring Wheat Jul 13 $9.615, down 6.75 -0.70%
Nearby crude oil in New York fell 96 cents to close at $91.93 per barrel.
The Bank of Canada noon rate for the loonie was $1.0203, down from $1.0252 the previous trading day.
The U.S. buck was 98.01 cents Cdn.
It was a bad day for commodities and the TSX after German economic data disappointed markets and Spanish and Greek debt worries flared anew in the euro zone.
The Toronto Stock Exchange’s S&P/TSX composite index closed 70.06 points, or 0.57 percent, lower at 12,313.54. That was its biggest single-day decline since late August.
The Dow Jones industrial average declined 20.55 points, or 0.15 percent, to close at 13,558.92.
The Standard & Poor’s 500 Index fell 3.26 points, or 0.22 percent, to 1,456.89.
The Nasdaq Composite Index dropped 19.18 points, or 0.60 percent, to end at 3,160.78.
