By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The Central Intelligence Agency launched a drone strike on a Venezuelan port facility earlier this month, CNN reported on Tuesday. The target was said to be a port allegedly used by the Venezuelan drug gang Tren de Aragua. During a media interview on Friday, United States President Donald Trump hinted there had been some sort of strike on Venezuelan territory.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- Saudi Arabia launched air strikes on the Yemeni port of Mukalla on Tuesday, as it continued to back the Presidential Leadership Council. However, the action has now created a split with the United Arab Emirates, after the PLC accused the UAE of supporting the separatist Southern Transitional Council. Since then, the UAE announced it will withdraw its forces from Yemen.
- Ukrainian President Volodymyr Zelenskyy denied on Tuesday that Ukraine launched a massive drone attack on one of Russian President Vladimir Putin’s residences. On Monday, Russia accused Ukraine of trying to kill Putin by sending 91 drones to attack his Novgorod estate. There is now less likelihood of the two countries moving towards a peace deal after weekend talks between Zelenskyy and Trump made some progress.
- The U.S. Department of Agriculture reported two private sales of 2025/26 soybeans. One was for 136,000 tonnes to China and the other was for 231,000 tonnes to unknown destinations. China remains well behind Trump administration projections of buying 12 million tonnes of U.S. soybeans by the end of February.
The Canadian Grain Commission reported on Monday that producer deliveries of canola for the week ended Dec. 21 were 313,800 tonnes. That brought the year-to-date total to 7.28 million tonnes, down from 8.18 million a year ago. Cumulative canola exports reached 2.54 million tonnes, compared to 4.39 million this time last year and domestic use reached 4.61 million tonnes, virtually on par with last year.
