Reading Time: 2 minutes Chicago Board of Trade soybean futures crumbled to their lowest prices since June on Friday and declined for a third consecutive week as much-needed rains hit dry growing areas in Brazil.
U.S. grains: Soy sags for third week on Brazil rains; corn hits contract low
Corn futures set a contract low; wheat prices advanced
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Reading Time: 3 minutes Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
World food price index ends 2023 some ten per cent below 2022 levels
Cereal prices, vegetable oils slumped most over the year, FAO says
Reading Time: < 1 minute The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.
U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans
Wheat futures rebounded from one-month low; corn stabilized
Reading Time: 2 minutes Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.
German government dilutes 2024 subsidy cuts after farmer backlash
Farmers protested in Berlin's streets after the announced end of tax breaks last month
Reading Time: < 1 minute Germany's coalition government has agreed to change its 2024 budget plans, a government spokesperson said on Thursday, after subsidy cuts proposed to bring spending in line with debt rules angered farmers.
U.S. livestock: Lean hogs finish weaker, set another contract low
Packers losing money processing beef due to tight supply
Reading Time: < 1 minute Chicago Mercantile Exchange lean hog futures set contract lows for a second consecutive session on Wednesday under pressure from ample supplies.
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
Reading Time: 2 minutes Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
U.S. livestock: CME cattle hit November highs as lean hogs set contract lows
Large supplies of hogs continue to pressure futures, analysts said
Reading Time: < 1 minute Cattle futures stormed higher at the Chicago Mercantile Exchange (CME) on Tuesday, boosted by firmer U.S. cash trading last week, while hog futures set contract lows.
U.S. grains: Soy futures fall to June low on improved Brazilian crop weather
Corn set a contract low in front-month futures; wheat futures declined
Reading Time: 2 minutes U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.
Commodity prices to remain high in 2024, drop in 2025 – HSBC
Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather
Reading Time: < 1 minute Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.
A message from April Stewart, Country Guide's Associate Editor
