The stronger Canadian dollar weighed down canola futures on Thursday and most other crops were also lower.
The loonie was trading near US82.5 cents, a two year high, during the day, up about 1.5 cents since the Bank of Canada raised interest rates on Wednesday morning.
Good harvest weather across the Prairies also weighed down canola.
The Saskatchewan crop report today said that 45 percent of the crop had been harvested, well ahead of the five-year average of 28 percent and the 10-year average of 27 percent.
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Southern areas are 60-70 percent complete while central areas are 36-44 percent done and in the north the progress is 12-18 percent.
While pulse crops are nearing the home stretch, canola is only 26 percent in the bin.
Click here to watch our latest crop market analysis video
European rapeseed prices fell as the European Community will lower duties on Argentina biodiesel resulting in less canola being processed into the biofuel.
Corn and soybeans fell on technical selling. Soybeans were also pressured by profit taking after recent gains tied to dry Midwest weather.
Analysts think the powerful Hurricane Irma set to reach the U.S. this weekend could push storms inland into Georgia and South Carolina, damaging crops there.
OUTSIDE MARKETS
Light crude oil nearby futures in New York were down seven cents at US$49.09 per barrel.
In the afternoon, the Canadian dollar was trading around US82.51 cents, up from 81.79 cents the previous trading day. The U.S. dollar was C$1.2120.
The Toronto Stock Exchange’s S&P/TSX composite index fell 35.3 points, or 0.23 percent, to close at 15,024.53.
The Dow Jones Industrial Average fell 22.86 points, or 0.1 percent, to 21,784.78, the S&P 500 lost 0.44 points, or 0.02 percent, to 2,465.1 and the Nasdaq Composite added 4.56 points, or 0.07 percent, to 6,397.87.
Winnipeg ICE Futures Canada dollars per tonne
Canola Nov 17 492.00s -5.20 -1.05%
Canola Jan 18 498.70s -5.20 -1.03%
Canola Mar 18 505.30s -5.20 -1.02%
Canola May 18 508.30s -5.30 -1.03%
Canola Jul 18 508.70s -4.90 -0.95%
Milling Wheat Oct 17 235.00s +3.00 +1.29%
Milling Wheat Dec 17 238.00s +2.00 +0.85%
Milling Wheat Mar 18 245.00s +1.00 +0.41%
Durum Wheat Oct 17 291.00s -2.00 -0.68%
Durum Wheat Dec 17 294.00s -2.00 -0.68%
Durum Wheat Mar 18 298.00s -2.00 -0.67%
Barley Oct 17 145.00s unch unch
Barley Dec 17 148.00s unch unch
Barley Mar 18 151.00s unch unch
American crop prices in cents US/bushel, soybean meal in $US/short ton, soy oil in cents US/pound. Prices are displayed with fractions (2/8, 4/8, and 6/8) instead of decimals. -2 equals .25, -4 equals .50, -6 equals .75. The “s” means it is the settlement.
Chicago
Soybeans Sep 17 963-2s -1-2 -0.13%
Soybeans Nov 17 968-6s -2-2 -0.23%
Soybeans Jan 18 978-4s -2-2 -0.23%
Soybeans Mar 18 987-2s -2-4 -0.25%
Soybeans May 18 995-6s -2-4 -0.25%
Soybean Meal Sep 17 302.4s -1.2 -0.40%
Soybean Meal Oct 17 304.2s -1.4 -0.46%
Soybean Meal Dec 17 307.2s -1.5 -0.49%
Soybean Oil Sep 17 35.08s -0.13 -0.37%
Soybean Oil Oct 17 35.18s -0.12 -0.34%
Soybean Oil Dec 17 35.43s -0.13 -0.37%
Corn Sep 17 341-6s -5-2 -1.51%
Corn Dec 17 355-2s -5-6 -1.59%
Corn Mar 18 367-6s -5-6 -1.54%
Corn May 18 375-4s -5-4 -1.44%
Corn Jul 18 381-6s -5-6 -1.48%
Oats Sep 17 235-0s unch unch
Oats Dec 17 233-6s unch unch
Oats Mar 18 241-2s -0-6 -0.31%
Oats May 18 240-0s -0-4 -0.21%
Oats Jul 18 243-4s -0-2 -0.10%
Wheat Sep 17 413-4s -8-2 -1.96%
Wheat Dec 17 437-2s -8-4 -1.91%
Wheat Mar 18 458-6s -8-2 -1.77%
Wheat May 18 472-0s -8-2 -1.72%
Wheat Jul 18 484-6s -8-4 -1.72%
Minneapolis
Spring Wheat Sep 17 632-6s +4-2 +0.68%
Spring Wheat Dec 17 649-6s +5-2 +0.81%
Spring Wheat Mar 18 659-2s +5-2 +0.80%
Spring Wheat May 18 656-2s +5-2 +0.81%
Spring Wheat Jul 18 647-6s +3-6 +0.58%
Kansas City
Hard Red Wheat Sep 17 415-4s -7-6 -1.83%
Hard Red Wheat Dec 17 441-6s -7-0 -1.56%
Hard Red Wheat Mar 18 459-2s -7-0 -1.50%
Hard Red Wheat May 18 473-0s -7-0 -1.46%
Hard Red Wheat Jul 18 489-6s -7-0 -1.41%
Chicago livestock futures in US¢/pound, Pit trade
Live Cattle Oct 17 106.225s +1.525 +1.46%
Live Cattle Dec 17 111.125s +1.325 +1.21%
Live Cattle Feb 18 115.150s +1.350 +1.19%
Feeder Cattle Sep 17 145.550s +2.250 +1.57%
Feeder Cattle Oct 17 146.150s +2.450 +1.70%
Feeder Cattle Nov 17 145.925s +2.175 +1.51%
Lean Hogs Oct 17 61.450s -2.100 -3.30%
Lean Hogs Dec 17 58.275s -2.000 -3.32%
Lean Hogs Feb 18 63.275s -1.450 -2.24%
