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