For the week ending December 28, there were no feeder cattle sales in Western Canada; however, that didn’t stop cattle producers from emailing or calling me over the holidays inquiring about market direction. I thought it would be an opportune time to discuss a couple factors that will influence the market direction over the next couple of months.
Markets/Business — page 59
Klassen: Feeder market has many factors to digest in 2025
ADM shareholder presses CEO to resign as criminal probe continues
A shareholder of agribusiness Archer-Daniels-Midland is pressing the company's CEO to resign for failing to clearly tell investors about problems with its internal accounting practices that have sparked a criminal investigation first reported by Reuters.
U.S. livestock: Lean hog futures fall on domestic, export demand uncertainty
Chicago Mercantile Exchange (CME) lean hog futures fell to two-month lows on Monday, hit by profit-taking and growing uncertainty over domestic and export demand in the coming months, market analysts said.
U.S. grains: Corn falls on profit-taking after reaching 6-month high
Chicago Board of Trade corn futures turned lower on profit-taking after the benchmark contract Cv1 hit a six-month high in choppy trade ahead of the year's end, market analysts said.
Winter wheat conditions to worsen in central Russia and Volga, weather agency says
Conditions for winter wheat crops will worsen in Russia's Central and Volga areas in January as warmer-than-usual weather and excess moisture causes sprouts to keep growing during the winter, the state weather agency said on Saturday.
Top agriculture market-moving news stories of 2024
Grain and oilseed markets had their ups and downs in 2024, with wars, labour unrest, trade disputes and politics often providing more direction than the traditional supply/demand fundamentals.
U.S. livestock: Cattle futures rise on strong beef, cash cattle markets
Chicago Mercantile Exchange (CME) live cattle futures ended higher on Friday, buoyed by rising wholesale beef prices and firm cash cattle markets, traders said.
U.S. grains: US corn futures climb to 6-month top, wheat firms, soy sags
U.S. corn futures hit a six-month high on Friday on stronger-than-expected weekly export sales data and supportive chart signals, analysts said.
StatCan issues crush, delivery reports
Canola crush, deliveries step back in November
Statistics Canada published its crush and grain deliveries reports on Dec. 24.
China boosts financial support in agriculture to strengthen food security
Beijing | Reuters – Chinese authorities on Friday called for increased financial support to stabilize key agricultural products, including grain, as part of broader efforts to ensure food security for China’s 1.4 billion population. The government pledged to strengthen the use of monetary policy tools such as relending and rediscount facilities, and reserve requirement ratio, […] Read more
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