(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: Bearish picture for commodities

Prices may not go much lower given the commodities have hit contract lows, says analyst

Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.





FILE PHOTO: U.S. Agriculture Secretary Tom Vilsack speaks during an interview with Reuters reporters in Washington, U.S., November 29, 2023. REUTERS/Kevin Lamarque/File Photo

US agriculture secretary sees ‘chaos’ in meat market without congressional action on Prop 12

Canadian sector worried state-specific regulations will cause severe complications for producers selling into U.S.

There will be chaos in the U.S. meat marketplace without congressional action on California's Prop 12 law that tightened animal welfare requirements for pork products sold in the state, Agriculture Secretary Tom Vilsack said during a congressional hearing on Wednesday.



Photo: James_Gabbert/iStock/Getty Images Plus

Prairie forecast: Dry and mild west, seasonal east

Issued Feb. 14, covering Feb 14 to 21, 2024

If you haven’t noticed, it has been an unusual winter, and that unusualness is causing all sorts of headaches with weather forecasting. In particular, cloud cover. In the last forecast period, it looked as if high pressure would dominate the weather bringing plenty of clear skies along with more seasonable temperatures.