Trade war a drag on canola

WINNIPEG (CNS Canada) – ICE Futures
Canada canola contracts were mostly down Tuesday morning as the
United States and China trade war raged on.

The nearby July canola contract however was higher.

In the tit-for-tat trade war, U.S. President Donald Trump
fired back at China, announcing another 10 per cent in tariffs
on US$200 billion in Chinese imports late Sunday.

Chicago Board of Trade soybean contracts were down sharply this morning.
Palm oil, European rapeseed and the soy complex were all

lower, which dragged markets, including canola, down.

The Canadian dollar was weaker, which was providing some
support for the canola market and limiting losses.

About 8,700 canola contracts had traded as of 8:45 CDT.

 

OUTSIDE MARKETS

Light crude oil nearby futures in New York was up 79 cents at US$65.85 per barrel.

In the afternoon, the Canadian dollar was trading around US75.75 cents, down from 75.73 cents the previous trading day. The U.S. dollar was C$1.3201.

 

Winnipeg ICE Futures Canada dollars per tonne.

Canola Jul 18 520.00s unch unch

Canola Nov 18 509.00s -0.50 -0.10%

Canola Jan 19 515.80s -0.30 -0.06%

Canola Mar 19 520.00s +0.10 +0.02%

Canola May 19 522.50s +0.30 +0.06%

 

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 Jul 18 908-4s +3-0 +0.33%

Soybeans Aug 18 914-0s +2-4 +0.27%

Soybeans Sep 18 920-0s +1-6 +0.19%

Soybeans Nov 18 931-4s +1-0 +0.11%

Soybeans Jan 19 939-6s +0-4 +0.05%

 

Soybean Meal Jul 18 335.5s -3.4 -1.00%

Soybean Meal Aug 18 337.6s -3.3 -0.97%

Soybean Meal Sep 18 339.5s -3.2 -0.93%

 

Soybean Oil Jul 18 29.57s +0.07 +0.24%

Soybean Oil Aug 18 29.68s +0.06 +0.20%

Soybean Oil Sep 18 29.84s +0.05 +0.17%

 

Corn Jul 18 356-0s -5-2 -1.45%

Corn Sep 18 365-4s -5-2 -1.42%

Corn Dec 18 377-2s -5-4 -1.44%

Corn Mar 19 387-0s -5-4 -1.40%

Corn May 19 393-6s -5-2 -1.32%

 

Oats Jul 18 233-2s -0-2 -0.11%

Oats Sep 18 234-2s -2-0 -0.85%

Oats Dec 18 238-6s -0-4 -0.21%

Oats Mar 19 241-4s -3-2 -1.33%

Oats May 19 244-2s -3-0 -1.21%

 

Wheat Jul 18 490-0s -9-4 -1.90%

Wheat Sep 18 501-4s -12-0 -2.34%

Wheat Dec 18 521-2s -13-0 -2.43%

Wheat Mar 19 539-6s -14-0 -2.53%

Wheat May 19 552-4s -12-4 -2.21%

 

Spring Wheat Jul 18 563-6s -7-0 -1.23%

Spring Wheat Sep 18 572-0s -9-0 -1.55%

Spring Wheat Dec 18 585-4s -9-4 -1.60%

Spring Wheat Mar 19 600-4s -9-2 -1.52%

Spring Wheat May 19 609-4s -9-4 -1.53%

 

Kansas City

Hard Red Wheat Jul 18 499-4s -20-2 -3.90%

Hard Red Wheat Sep 18 515-0s -19-2 -3.60%

Hard Red Wheat Dec 18 538-2s -19-6 -3.54%

Hard Red Wheat Mar 19 554-4s -20-0 -3.48%

Hard Red Wheat May 19 565-0s -19-4 -3.34%

 

Chicago livestock futures in US¢/pound, Pit trade

Live Cattle Jun 18 108.300s -0.150 -0.14%

Live Cattle Aug 18 105.175s +0.400 +0.38%

Live Cattle Oct 18 107.575s +0.550 +0.51%

 

Feeder Cattle Aug 18 148.975s +1.000 +0.68%

Feeder Cattle Sep 18 149.125s +0.850 +0.57%

Feeder Cattle Oct 18 148.625s +0.775 +0.52%

 

Lean Hogs Jul 18 83.725s +2.000 +2.45%

Lean Hogs Aug 18 79.425s +1.175 +1.50%

Lean Hogs Oct 18 64.925s +0.650 +1.01%

 

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