Wednesday December 9, 2020

  • Markets up again today as this one step forward one step back market continues 
  • Optimism to see further carryout cuts tomorrow fueling this mornings gains
  • Russian wheat crop facing some bitter cold with minimal snow cover 
  • Reports from the U.S. claiming that Tom Vilsack will be instated as the USDA Ag Secretary with the Biden Administration
    • Good news for the green fuels ethanol and bio diesel
  • COVID pandemic expected to increased Canadian food prices for 2021 by 3-5% 
    • Higher costs incurred by meat processing facilities and higher wheat prices are seen as major contributors to the spike