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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

    Iran says Strait of Hormuz open as Trump sees deal ‘soon’ to end war

    2 days ago
  • MP David Bexte speaks with reporters about Bill C-273 in Ottawa on April 15. He is surrounded by supporters. Photo: Jonah Grignon

    Agriculture groups welcome seed, fertilizer approval bill

    2 days ago
  • AAFC projects tighter canola stocks for 2026-27

    2 days ago
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Daily news

(Medioimages/Photodisc/Getty Images)
Markets, Reuters

U.S. grains: Soybeans extend gains in technical rebound, wheat hits new lows

By Heather Schlitz, Reuters December 20, 2024
Chicago soybean futures rose on Friday, driven by short-covering ahead of the weekend and technical buying, after forecasts for a bumper South American crop sent soy futures plunging to a four-year low a day earlier.

Photo: iStock
Markets

Prairie Wheat Yearly: Declines in cash prices from modest to substantial

Sharp losses in U.S. wheat complex

By Glen Hallick - MarketsFarm December 20, 2024
While Western Canadian cash prices for spring wheat stepped back modestly during 2024, those for amber durum were down hard.


Federal Agriculture Minister Lawrence MacAulay speaks to media at Canadian Western Agribition on Nov. 25, 2025. PHOTO: KAREN BRIERE
News

MacAulay to remain Agriculture Minister amid cabinet shuffle

By Jonah Grignon December 20, 2024
Lawrence MacAulay will keep his position as Minister of Agriculture and Agri-Food following a cabinet shuffle today.

Photo: jjmiller11/iStock/Getty Images Plus
Livestock

Bovine tuberculosis case highlights need for traceability 

Producers want compensation for disinfection costs after bovine tuberculosis found in Saskatchewan

By Geralyn Wichers December 20, 2024
The Saskatchewan Cattlemen’s Association is emphasizing the importance of biosecurity and record keeping after a positive case of bovine tuberculosis was traced to a cattle herd in that province.


Pods on a cacao (cocoa) tree. Photo: iStock/Getty Images Plus
Markets, Reuters

Why have cocoa futures hit record highs this year?

By Reuters December 20, 2024
Futures markets have seen a record-breaking run in cocoa prices in 2024, a surge exacerbated by the hedge funds that provide much of their liquidity heading for the exit.

 Photo: Reuters/Paul Whitaker

EU deal and Trump tariff threats bolster Mercosur trade talks

By Anthony Boadle, Lisandra Paraguassu, Reuters December 20, 2024
Brazil expects the South American trade bloc Mercosur to speed up more free trade negotiations after clinching a deal with the European Union, as the threat of U.S. tariffs when Donald Trump takes office as president forces countries to diversify their options for exports, diplomats say.


File photo of soybeans being loaded for transport in Argentina. (Wirestock/iStock/Getty Images)
Markets, Reuters

China’s state importer books US soy purchases as tariff threat looms

By Karl Plume, Reuters December 20, 2024
China's Sinograin has bought nearly 500,000 metric tons of U.S. soybeans this week for shipment in March and April, paying more for U.S. supplies for state reserves rather than buying cheaper Brazilian beans, two U.S. traders familiar with the deals said.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets, Reuters

U.S. grains: Soybeans rebound after sinking to a new four-year low

By Heather Schlitz, Reuters December 19, 2024
Chicago soybean futures rebounded on technical buying on Thursday after plunging to a four-year low, while wheat fell to lifetime lows as a strong dollar added to concerns about competition from other exporting zones, traders said.


Photo: File
Markets, Reuters

U.S. livestock: Cattle futures tick down on weak equity markets

By Heather Schlitz, Reuters December 19, 2024
Chicago Mercantile Exchange (CME) live and feeder cattle contracts slid on Thursday as weakness in equities, a strong dollar and technical trading pressured futures, analysts said.

Photo: iStock/Getty Images
Barley, Canola, Cereals, Corn, Crops, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat

AAFC adjusts monthly estimates, cites caution for canola exports

Impact of China's anti-dumping investigation unknown at this time

By Glen Hallick - MarketsFarm December 19, 2024
Agriculture and Agri-Food Canada adjusted its latest supply and demand estimates issued on Dec. 19. This followed the updated Statistics Canada figures from two weeks ago.


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