Chicago Board of Trade soybean and grain futures firmed on Friday, as traders adjusted their positions before the year-end holidays after a flurry of economic data showed underlying inflation pressures continuing to ease.
U.S. grains: Chicago soybean, grain futures firm ahead of holidays
Railways between U.S. and Mexico reopened five days after key trade routes closed
U.S. livestock: CME lean hogs firm, but face bigger-than-expected US herd
Live cattle ended the day down, feeder cattle were up
Chicago Mercantile Exchange lean hogs turned higher on a technical bump on Friday, and cattle futures were mixed on moderate cash trades, traders said.
US reopens key rail crossings between Texas and Mexico
American, Mexican agriculture groups express relief
U.S. Customs and Border Protection (CBP) said operations resumed at 2 p.m. ET at the international railway crossing bridges in Eagle Pass and El Paso, Texas. The closures had prompted alarm from railroads, the agriculture industry and some lawmakers over the economic impact to halted export trade.
Railways blast past revenue cap
Grain moved was up 60 per cent from last season on drought recovery
Canada's two big railways will have a $7.1 million Christmas present for the Western Grains Research Foundations following a ruling they exceeded their revenue caps in 2022-23.
Rising loonie and weaker futures weigh on spring wheat bids
The Canadian dollar strengthened relative to its United States counterpart
Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.
Başak Traktör of Turkey looks to move Versatile brand forward
Buhler Industries announced the Turkish firm had bought its majority stake
“One of the keys for us was making sure we found a partner that was committed to preserving the Versatile and Farm King brands,” said Adam Reid, VP of sales and marketing at Versatile. “We wanted to make sure the viability of the plant here in Winnipeg and our staff was secure. And taking care of all of our stakeholders, the suppliers, shareholders.”
More local barley destined for rations, but U.S. corn still moving
Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes
Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.
U.S. livestock: CME cattle futures face renewed pressure
Lean hog futures ended the day mixed
Chicago Mercantile Exchange cattle futures were mostly sharply lower on Thursday as traders sold off or shifted their positions ahead of a series of key government reports, analysts said.
U.S. grains: Soybeans fall on Brazilian rain forecasts
Corn up on technical bounce, wheat up on weaker dollar
Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
Bourgault becomes third shortliner acquired by Linamar since 2017
Leadership say they want to double the business of the maker of Highline equipment and Freeform Plastics
In 2017 Linamar, a company best known as an auto parts manufacturer, purchased Winnipeg-based header and swather manufacturer MacDon. It followed that up by bringing implement brand Salford into its fold in 2022. In late December the company announced it is now adding Saskatchewan-based air drill manufacturer Bourgault into its family of shortline ag equipment brands.
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