Western Canadian cash prices for spring wheat stepped back during the week ended Dec. 19, while those for amber durum were mixed.

Prairie Wheat Weekly: Prices mostly lower
Sharp declines in U.S. wheat complex

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

Prairie Wheat Yearly: Declines in cash prices from modest to substantial
Sharp losses in U.S. wheat complex
While Western Canadian cash prices for spring wheat stepped back modestly during 2024, those for amber durum were down hard.

MacAulay to remain Agriculture Minister amid cabinet shuffle
Lawrence MacAulay will keep his position as Minister of Agriculture and Agri-Food following a cabinet shuffle today.

Bovine tuberculosis case highlights need for traceability
Producers want compensation for disinfection costs after bovine tuberculosis found in Saskatchewan
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.

Why have cocoa futures hit record highs this year?
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.

EU deal and Trump tariff threats bolster Mercosur trade talks
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.

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

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

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