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Daily Network News

  • Statements from the U.S. and Iran left uncertainty over how quickly shipping could resume. Photo: Getty Images Plus

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Daily news

 Photo: Canada Beef
Livestock, Markets

U.S. livestock: Cattle add to gains; exports up year-over-year in November 

By Geralyn Wichers January 10, 2025
Chicago Mercantile Exchange cattle futures added small gains to contract highs, Friday. Most active February live cattle futures closed at 198.775 cents per pound, up 1.175 cents from Thursday. April live cattle were up 1.200 cents to 199.475 cents a pound.

(Photo courtesy United Soybean Board)
Cereals, Corn, Markets, Soybeans, Spring Wheat, Winter Wheat

Cuts to U.S. soybean, corn production

U.S. soybean, corn stocks mixed, more winter wheat planted

By Glen Hallick - MarketsFarm January 10, 2025
The United States Department of Agriculture cut its calls for 2024/25 U.S. soybean and corn production in its World Agricultural Supply and Demand Estimates (WASDE) released Jan. 10.


FILE PHOTO: Prime Minister Justin Trudeau on October 14, 2024. REUTERS/Blair Gable/File Photo
News, Reuters

Federal liberals to choose new leader on March 9

By Kanishka Singh, Reuters January 10, 2025
Outgoing Prime Minister Justin Trudeau's Liberal Party said late on Thursday it will choose a new leader on March 9 ahead of the 2025 elections for which polls show the party in a very weak position.

Photo: Thinkstock
Cereals, Markets, Spring Wheat, Winter Wheat

Prairie Wheat Weekly: Cash prices step back

Stronger greenback weakens U.S. wheat

By Glen Hallick - MarketsFarm January 10, 2025
Western Canadian cash prices for spring wheat and amber durum were lower during the week ended Jan. 9.


A tugboat passes shipping containers being unloaded and stacked on a pier at Port Newark, New Jersey, U.S., November 19, 2021.
 Photo: Reuters/Mike Segar/File
News, Reuters

Tentative labour deal heads off US port disruption; Trump credited

By Daniel Wiessner, Lisa Baertlein, Reuters January 10, 2025
A tentative labor deal forestalled potentially damaging trade disruptions at three-dozen U.S. East Coast and Gulf of Mexico ports, with both sides in the talks crediting President-elect Donald Trump for clearing the way for them to hammer out a deal on automation.

Photo: Getty Images
News, Reuters

Germany confirms first case of foot-and-mouth disease in nearly 40 years

By Reuters January 10, 2025
German authorities confirmed the country's first outbreak of foot-and-mouth disease in nearly 40 years on Friday in a herd of water buffalo on the outskirts of Berlin.


(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Soybeans, corn rise as traders position ahead of USDA report

By Renee Hickman, Reuters January 9, 2025
Chicago soybean and corn futures ticked up on Thursday as traders squared positions ahead of a major U.S. Department of Agriculture supply-and-demand report due on Friday.

(Sierrarat/iStock/Getty Images)
Markets, Reuters

U.S. livestock: Cattle futures take back losses to hit fresh highs 

By Geralyn Wichers January 9, 2025
Chicago Mercantile Exchange cattle futures hit fresh highs on Thursday after Wednesday’s technical reversal.


(Photo courtesy Canada Beef Inc.)
Barley, Cereals, Markets, Spring Wheat, Winter Wheat

Feed Grains Weekly: Demand lull to keep prices lower for now

Increases unlikely until late February

By Glen Hallick - MarketsFarm January 9, 2025
As January began, feed grain prices on the Canadian Prairies remained lower and are likely to stay that way until spring, commented broker Evan Peterson of JGL Commodities in Saskatoon.

Photo: Thinkstock
Cereals, Markets, News, Spring Wheat, Winter Wheat

Second spring wheat futures market on the horizon

Making the smallest contract even smaller - analyst

By Glen Hallick - MarketsFarm January 9, 2025
The CME Group has plans to launch a new Hard Red Spring Wheat futures and options market in the second quarter of 2025, rivalling the Minneapolis hard red spring wheat contracts now traded through the MIAX platform.


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