Tariff threats from U.S. President Donald Trump as well as weather concerns at home and abroad are creating a roller-coaster ride for U.S. grain futures during the week ended Jan. 22, 2025.
Tag Archives United States
CBOT Weekly: Headlines dictate U.S. futures
Tariff threats, weather cause up-and-down trade
Canola market equilibrium is fragile
Canola prices for western Canadian farmers likely to be guided by China, Trump in 2025
Canola prices for western Canadian farmers likely to be guided by China, Trump in 2025. The status quo, forged in September, has kept the canola market teetering on the brink of major upheaval.
Pulse Weekly: Looking at price shifts in 2024
Production up for most Canadian pulses
Pulses in Canada had quite the year in 2024 with prices closing out the calendar year in the middle of their trading ranges. Production was higher on the year for most pulses. Dry pea output in Canada rose to just short of three million tonnes, up from the 2.61 million harvested in 2023, according to the Statistics Canada principal field crop report issued Dec. 5.
Pulse Weekly: Prices for Kabuli chickpeas softer to sideways for balance of 2024
Prairie heatwave results in more smaller chickpeas
Prices for Kabuli chickpeas are likely to be softer to sideways heading into the new year, said Colin Young of Midwest Grain Ltd. in Moose Jaw, Sask.
US suspends Mexican cattle imports after New World screwworm case
The United States has temporarily paused imports of Mexican cattle after a case of New World screwworm (NWS) was identified at the lakeside town of Catazaja in southern Chiapas state, the Mexican government said on Sunday.
U.S. lawmakers want risks posed by Chinese agriculture drones addressed
Reuters – A dozen U.S. lawmakers on Friday urged the Biden administration to address the use of Chinese manufactured agriculture drones, saying their use on American farms poses national security risks. The House Republicans, including Representatives Elise Stefanik, Ashley Hinson and John Moolenaar, who chairs a select committee on China, asked the U.S. Agriculture Department and Cybersecurity
USDA forecasts smaller drop in 2024 farm income
Chicago | Reuters – U.S. farm income will fall for a second consecutive year in 2024, but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture said on Thursday. Declining farm income could ripple across the rural economy in a presidential
U.S. to spend $7.3 billion on rural clean energy projects
Reuters – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said.
Low water on Mississippi River impacts barges, grain exports ahead of harvest
Chicago | Reuters – Low water conditions have led to several barges running aground along a key stretch of the lower Mississippi River, the U.S. Coast Guard told Reuters on Wednesday, just as the busiest U.S. grain export season gets underway. Low water levels are slowing export-bound barge shipments of grain and oilseeds from the
Bird flu continues to spread in U.S. dairy farms
The number of dairy farms in the United States that have reported bird flu among their livestock increased to 94 in a dozen states, according to reports. Meanwhile, the Centers for Disease Control said the risk to humans remains low. The CDC noted it’s monitoring more than 500 people with 45 tested for bird flu.
Cyber-Savvy Farmer
