Reading Time: < 1 minute ICE Futures canola market traded within a wide range during the week ended Jan. 15, hitting its strongest levels since November at one point before backing away from those highs.
ICE canola weekly outlook: Outside forces supportive
U.S. Treasury releases guidance on clean fuels tax credits
Reading Time: 2 minutes The United States Department of the Treasury together with the Internal Revenue Service released much-anticipated short-term guidance on tax credits for biofuels on Jan. 10, giving the soyoil market a boost to end the week.
CBOT weekly: Chicago soybeans/corn looking for direction
Reading Time: 2 minutes South American weather forecasts, positioning ahead of the Jan. 10 United States Department of Agriculture supply/demand report and uncertainty over trade policies under the incoming Trump administration were all influencing the Chicago grain and oilseed markets during the first days of 2025.
U.S. Livestock: Cattle futures running into resistance at highs
Reading Time: < 1 minute 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.
U.S. Livestock: Falling temps boost cattle futures
Reading Time: < 1 minute 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.
Top agriculture market-moving news stories of 2024
Reading Time: < 1 minute 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.
ICE canola weekly outlook: U.S. biofuel uncertainty weighs
Reading Time: < 1 minute The ICE Futures canola market fell sharply lower during the week ended Dec. 18, as bearish technical signals and losses in the Chicago soy complex weighed on values.
Prairie spring wheat bids rise as loonie falls
Reading Time: 2 minutes Hard red spring wheat bids in Western Canada moved higher during the week ended Dec. 12, as gains in the United States futures and weakness in the Canadian dollar provided support.
Feed grain update: Barley still trending higher
Reading Time: < 1 minute Feed barley prices in Western Canada remain on a steady uptrend, improving by C$30 to C$40 per tonne off their harvest lows hit in late August.
Canadian honey production down in 2024
Reading Time: < 1 minute Canadian honey production was down by 18 per cent in 2024 despite an increase in the number of beekeepers and colonies.
A message from April Stewart, Country Guide's Associate Editor
