Stronger dollar drops canola futures

WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Wednesday, pressured by a stronger Canadian dollar.

* The Canadian dollar strengthened to a two-week high against the greenback as investors cut bets that the Bank of Canada would ease interest rates over the coming months.

* January canola eased 30 cents to $452.60 per tonne.

* January-March canola spread traded 7,753 times.

* U.S. soybean futures rose, buoyed by renewed optimism about a U.S.-China trade deal as well as some bargain buying.

* Euronext February rapeseed futures and Malaysian February palm oil futures gained ground.

* Statistics Canada is expected to slightly raise its estimate of canola production on Friday to 19.6 million tonnes, according to the average of a poll of 15 analysts and traders.

 

OUTSIDE MARKETS

Light crude oil nearby futures in New York was up $2.03 at US$58.35 per barrel.

In the afternoon, the Canadian dollar was down .45 cents US75.63. The U.S. dollar was C$1.3223, up .21 cents from the previous day.

 

ame / Contract High Low Last Change Settlement
Canola Jan 2020 455.90 452.10 452.70 -0.20 452.70
Canola Mar 2020 464.90 461.00 461.50 -0.50 461.50
Canola May 2020 472.50 464.10 470.10 0.10 470.10
Canola Jul 2020 478.80 475.70 476.40 0.20 476.40
Canola Nov 2020 480.80 477.60 478.60 -0.20 478.60
Soybean Jan 2020 880.00 871.50 878.00 7.00 878.00
Soybean Mar 2020 894.50 886.25 892.50 7.00 892.50
Soybean May 2020 909.00 900.75 907.00 6.25 907.00
Soybean Jul 2020 921.75 914.50 920.00 6.00 919.75
Soybean Aug 2020 926.50 920.00 924.50 5.25 924.50
Soybean Sep 2020 925.75 920.75 924.00 4.25 924.25
Soybean Meal Dec 2019 295.50 292.90 294.60 2.10 294.70
Soybean Meal Jan 2020 298.00 294.90 296.70 2.00 296.80
Soybean Meal Mar 2020 300.90 298.10 299.60 1.70 299.70
Soybean Oil Dec 2019 30.32 29.99 30.27 0.28 30.25
Soybean Oil Jan 2020 30.53 30.15 30.47 0.28 30.43
Soybean Oil Mar 2020 30.81 30.45 30.76 0.27 30.72
Corn Dec 2019 373.50 367.75 368.75 -3.25 368.50
Corn Mar 2020 383.00 377.25 378.50 -2.75 378.25
Corn May 2020 389.00 383.50 384.50 -2.75 384.50
Corn Jul 2020 393.25 388.00 389.25 -2.50 389.00
Corn Sep 2020 390.25 386.00 387.50 -1.00 387.25
Oats Dec 2019 331.50 322.00 322.75 2.50 320.25
Oats Mar 2020 306.25 300.75 304.00 2.50 304.00
Oats May 2020 301.50 297.75 300.25 2.75 300.50
Oats Jul 2020 290.25 289.00 290.00 1.50 290.25
Oats Sep 2020 279.75 279.75 279.75 4.00 275.75
Wheat Dec 2019 535.50 531.00 535.00 4.50 535.50
Wheat Mar 2020 529.75 522.25 527.50 2.25 528.00
Wheat May 2020 533.50 527.00 531.50 1.75 531.75
Wheat Jul 2020 535.50 528.75 532.75 1.75 532.75
Wheat Sep 2020 541.00 535.00 538.25 1.25 538.00
Spring Wheat Dec 2019 495.00 493.50 493.50 -0.50 493.50
Spring Wheat Mar 2020 519.00 513.00 514.25 0.75 514.25
Spring Wheat May 2020 527.25 522.25 523.50 1.00 523.50
Spring Wheat Jul 2020 535.75 532.00 533.00 1.00 533.00
Spring Wheat Sep 2020 544.00 541.75 542.50 1.25 542.50
Hard Red Wheat Dec 2019 425.50 425.25 425.25 2.75 425.50
Hard Red Wheat Mar 2020 444.50 434.25 440.50 3.75 441.00
Hard Red Wheat May 2020 452.00 442.50 448.25 3.75 448.75
Hard Red Wheat Jul 2020 458.25 449.00 454.75 3.75 455.00
Hard Red Wheat Sep 2020 466.00 458.25 463.25 3.75 463.50
Live Cattle (Pit) Dec 2019 119.45 119.45 119.45 -1.10 119.45
Live Cattle (Pit) Feb 2020 124.18 124.18 124.18 -1.48 124.18
Live Cattle (Pit) Apr 2020 125.00 125.00 125.00 -1.23 125.00
Feeder Cattle (Pit) Jan 2020 140.88 140.88 140.88 -1.50 140.88
Feeder Cattle (Pit) Mar 2020 141.43 141.43 141.43 -1.50 141.43
Feeder Cattle (Pit) Apr 2020 143.40 143.40 143.40 -1.55 143.40
Lean Hogs (Pit) Dec 2019 61.88 61.88 61.88 -0.63 61.88
Lean Hogs (Pit) Feb 2020 68.43 68.43 68.43 0.05 68.43
Lean Hogs (Pit) Apr 2020 74.75 74.75 74.75 0.47 74.75

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