Winnipeg | Reuters — Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly U.S. exports kept traders’ focus on competition from cheaper Black Sea supplies. Corn also fell, while soybeans rebounded, consolidating after a selloff in the previous session over disappointing U.S. biofuels levels. The most-active wheat contract on the […] Read more
U.S. grains: Wheat plunges to three-month low on export competition
Corn also down on weak demand, soybeans rise after selloff
U.S. livestock: CME feeder, live cattle firm as trade eyes supplies
February lean hogs close higher
Chicago | Reuters — Feeder cattle futures on the Chicago Mercantile Exchange firmed on Friday, supported by lower feed grain costs and resilient live cattle futures, traders said. “The market has held together well, so there’s optimism there. Then you’ve got the grain market down double digits today, and down the day before,” said Altin […] Read more
U.S. judge dismisses indictment against Huawei executive
Related charges remain against company
New York | Reuters — A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies, formally ending a criminal sanctions case that strained U.S.-China and Canada-China relations. Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered an agreement with U.S. prosecutors […] Read more
StatCan data show smaller Canadian canola, durum production
Report also logs more barley, oats than previous estimates
MarketsFarm — Canadian farmers grew less canola and durum than originally thought in 2022, but more barley and oats, according to updated production estimates from Statistics Canada released Friday. “There were both bullish and bearish surprises,” MarketsFarm Pro analyst Mike Jubinville said. While canola production of 18.174 million tonnes was still up considerably from the […] Read more
Huawei executive’s U.S. bank fraud charges to be dismissed
Charges remain against company itself
Reuters — U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technologies, whose 2018 arrest strained relations between the U.S. and China. Meng struck a deal with the prosecutors last year for the charges against her to be dismissed on […] Read more
Biden administration makes case for quick Senate vote to avoid rail shutdown
Bill imposing deal on workers clears House
Washington | Reuters — The Biden administration on Thursday urged the U.S. Senate to quickly pass a bill to block a railroad strike, warning that serious economic disruptions could be felt within days. The U.S. House of Representatives on Wednesday voted to approve a bill to impose a tentative contract deal reached in September on […] Read more
U.S. EPA proposes revamp of biofuel program to include EVs
Mandated biofuel levels to rise through 2025
New York | Reuters — U.S. President Joe Biden’s administration on Thursday unveiled a three-year proposal to expand the U.S. biofuels policy with bigger volume mandates and — for the first time — to include a pathway for electric vehicle manufacturers to generate lucrative credits. Biden wants to fight climate change by reducing fossil fuel […] Read more
Environment Canada sees ‘average’ Prairie winter ahead
MarketsFarm — An ‘average’ winter is in the forecast for most of the Canadian Prairies, according to the latest long-range seasonal forecast for December through February from Environment Canada, released Wednesday. The government department is calling for normal temperatures across all the agricultural areas of the three Prairie provinces — aside from the northernmost reaches […] Read more
Feed weekly outlook: Looming corn imports to keep lid on Prairie barley
MarketsFarm — Large shipments of corn from the U.S., slated for delivery to Alberta’s feedlot alley, should keep domestic barley prices under pressure going forward, according to an analyst. “The barley price here will gradually decline,” said Errol Anderson of Pro Market Communications in Calgary, adding that up to 30 unit trains of U.S. corn […] Read more
U.S. grains: Soy snaps win streak on disappointing biofuel mandates
Wheat falls on export sale data; soy weakness weighs on corn
Winnipeg | Reuters — Chicago soybeans fell on Thursday, snapping five days of gains as soybean oil sold off sharply after the U.S. government proposed smaller-than-expected biofuels blending requirements. Wheat slid on disappointing export sales, while soybean weakness dragged corn lower. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled down 39-3/4 […] Read more
Canadian Cattlemen Presents: Depth of Field
