Equity markets were quieter today with limited trading.
Grains were also quiet due mainly to the belief that the rally of the past two sessions was a little over done which prompted a small sell off in all three main grains, corn, beans and wheat.
The US dollar gained back some ground climbing one-third of a cent today, which helped to reduce the talk of inflation for now.
The Canadian dollar finished down three-quarters of a cent, closing at .9309 US.
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The Dow Jones Sept quote closed up 39 points at 9287.
Crude oil held steady to mixed today with the nearby down $.16/b at US $71.42/ barrel. Forward months were up from .12c to .72c/b.
Corn closed down 3 to 4 cents a bushel today.
Beans ended mixed down 8.4 cents a bushel to up 6 cents a bushel today.
Wheat closed down 4 to 10 cents a bushel on the various US exchanges.
Minneapolis Sept wheat futures closed down 4.2 cents a bushel today.
Canola –finished up strong as it played catch up with beans from yesterday. It closed up $18 to $22.30 per tonne from Friday.
Barley closed down $1.10 per tonne at $152.90 a tonne.
Continued concerns over lateness of the canola crop and fears of frost will help to keep futures at these current levels, but a larger than anticipated US bean crop (USDA report Aug 12) or a continued rise in the Canadian dollar are all factors that would drag futures lower if they should come to be.
