Latest in Agriculture Markets & Business

U.S. Livestock: Cattle futures running into resistance at highs

By Geralyn Wichers, Phil Franz-Warkentin January 7, 2025

Cattle futures at the Chicago Mercantile Exchange continued to rise Tuesday. Most active February live cattle futures ended up 0.375 cents per pound at 195.575 cents a pound. Values hit fresh highs in many months, although ideas the market was looking overbought tempered the advances.

File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)

Markets

Dry weather could affect Argentina oilseed harvest: USDA attaché

Buenos Aires desk estimates differ from USDA numbers

By Glen Hallick - MarketsFarm January 7, 2025

Dry weather in Argentina could affect the country's oilseeds as harvest approaches, reported the United States Department of Agriculture attaché in Buenos Aires.

Livestock, Markets

Klassen: Stronger fed market to pull up feeder complex

By Jerry Klassen January 7, 2025

The Alberta fed cattle market was quoted on a live basis in the range of range of $262-$265/cwt fob feedlot last week. Fed cattle forward contracts for March and April delivery (Alberta) were quoted from $270 to $272/cwt. Compared to last week of November 2024, fed prices are up $20/cwt on average.

Markets

China rapeseed meal futures slide after Trudeau announces plans to resign

By Geralyn Wichers, Isabella Jibilian, Mei Mei Chu January 7, 2025

China's rapeseed meal futures fell to a three-week low on Tuesday after Canadian Prime Minister Justin Trudeau's plans to resign sparked hope that trade tensions between Beijing and Ottawa will soften.

Markets

U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather

By Renee Hickman, Reuters January 6, 2025

Chicago Board of Trade corn futures Cv1 on Monday surged to a more than six-month high amid growing concern over dry conditions in Argentina, market analysts said.

Photo: Michelle Erickson-Jones/iStock/Getty Images

Livestock, Markets

U.S. Livestock: Falling temps boost cattle futures

By Phil Franz-Warkentin January 6, 2025

Live cattle futures on the Chicago Mercantile Exchange were stronger Monday, hitting fresh contract highs in many months as forecasts calling for cold temperatures across United States ranching areas raised concerns over reduced weight gains for grazing cattle.

Snowpack concerns on the Prairies has been leading many growers to wonder what could happen come spring. Photo: Thinkstock

Markets, weather

Canadian Prairies, U.S. Midwest to get colder in January as South America becomes hotter, drier

Some warmer temps for Prairies during week of Jan. 6

By Glen Hallick - MarketsFarm January 6, 2025

Meteorologist Drew Lerner said he expects colder than normal temperatures across the Canadian Prairies and much of the United States Midwest in January, while a good portion of South America is to be hotter than normal.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets

U.S. grains: Chicago soybeans, corn and wheat futures stumble on farmer sales, weekly dollar gains

By Renee Hickman, Reuters January 3, 2025

Chicago soybean, wheat and corn futures tumbled on Friday as a flurry of farmer sales and a strong dollar weighed on the market, analysts said.

File aerial photo of highway through cropland in Argentina. (Gracieross/iStock/Getty Images)

Crops, Markets

Hot Argentine summer is starting to damage crops, exchanges say

By Reuters January 3, 2025

A hot, dry austral summer is beginning to cause damage to Argentina's 2024/25 soybean and corn crops, the country's two main grains exchanges said on Friday, after abundant spring rains had until recently provided excellent growing conditions.

Markets, News

US biofuel producers ramped up in Oct as profitability improved, data shows

By Reuters, Shariq Khan January 3, 2025

U.S. renewable diesel producers utilized 77 per cent of their total operable capacity in October, the highest since July 2024, the data showed. Biodiesel plant utilization rose to 89 per cent, the highest since June 2023.

Markets/Business — page 57

U.S. Livestock: Cattle futures running into resistance at highs

Dry weather could affect Argentina oilseed harvest: USDA attaché

Klassen: Stronger fed market to pull up feeder complex

China rapeseed meal futures slide after Trudeau announces plans to resign

U.S. grains: Chicago corn surges to six-month high on weaker dollar, Argentina weather

U.S. Livestock: Falling temps boost cattle futures

Canadian Prairies, U.S. Midwest to get colder in January as South America becomes hotter, drier

U.S. grains: Chicago soybeans, corn and wheat futures stumble on farmer sales, weekly dollar gains

Hot Argentine summer is starting to damage crops, exchanges say

US biofuel producers ramped up in Oct as profitability improved, data shows

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