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CBOT weekly outlook: U.S. wheat remains rangebound 

U.S. wheat prices essentially bottomed out during late November; recovered somewhat in December

United States wheat prices have been in something of a quandary lately, with any hope of higher prices curtailed by the need to remain competitive with cheaper Russian wheat, according to Tom Lilja of Progressive Ag in Fargo, North Dakota.  




 (Lisa Guenther photo)

Klassen: Feeder market ends year on mixed sentiment

Some feedlots becoming backed up with heavier cattle, setting negative tone for feed complex

Western Canadian feeder cattle markets were unchanged, to as much as $10 lower compared to last week. Demand for heifers was suffering last week. A weaker tone was noted in the Eastern prairie regions as Ontario demand appeared to evaporate last week. Alberta packers were buying fed cattle on a dressed basis in the range of $368-$370/cwt, down $7-$8 from last week.