Canola rose on American soybean trades as the market in Chicago appeared to be busy covering short positions on the big oilseed. Combined with hot and dry weather in the region and the coming forecasts for the Midwest soybeans were up 20.25 US cents per bushel for August, September and November contracts. Soybeans finished the […] Read more
Weather
Must Reads
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Manitoba farmers watch for signs of rain
Rain is needed, soon, in eastern and south-central Manitoba. Otherwise, soybean, corn and canola yields could be pitiful in 2019.…
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Producers collect weather data for Ag Canada
In June, hay production on the Prairies was about 50 percent of normal. That production is now closer to normal,…
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Acre estimate stuns U.S. producers
The middle of America should be a dark shade of green. But this year satellite images of vegetative growth show…
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Major grain traders face one-two punch from U.S. floods, trade war
CHICAGO, July 10 (Reuters) - Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co…
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Canola up, while cereals fall on good weather
November canola finished up 80 cents to $448.10 per tonne on the ICE futures market. January improved 90 cents to…
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Continued dryness threatens Manitoba crops
Clayton Harder has plenty of experience with fungicides. That's because he farms near Winnipeg, one of the wettest regions in…
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Stories from our other publications
Normal frost dates threaten delayed crops
Weather is running the North American commodity markets for now, as current supply and demand takes the backseat and farmers plan for a normal fall progression. “The markets will look to the weather every week now,” says Arlan Suderman, chief commodities economist at brokerage INTL FCStone. The U.S. National Oceanic and Atmospheric Administration declared the […] Read more
El Nino dies and births higher prices
Weather is running the markets. With the WASDE out of the way for July, a hotter, drier forecast for the American Midwest send grain traders into a bullish stance, and prices rose for the end of the week. The United States National Oceanic and Atmospheric Administration declared El Nino dead this morning. Their Australian counterparts […] Read more
Manitoba farmers watch for signs of rain
Rain is needed, soon, in eastern and south-central Manitoba. Otherwise, soybean, corn and canola yields could be pitiful in 2019. Clayton Harder, who farms north of Winnipeg, estimated that 15 millimetres of rain have fallen on his land since seeding. That’s basically nothing for the region around Winnipeg, which normally receives 150 mm of rain […] Read more
Producers collect weather data for Ag Canada
In June, hay production on the Prairies was about 50 percent of normal. That production is now closer to normal, thanks to 50 to 150 millimetres of rain across most of Western Canada in late June and early July. The 50 percent number comes from the Agro climate Impact Reporter (AIR), part of Agriculture Canada’s […] Read more
Acre estimate stuns U.S. producers
USDA expects a 91.7 million acre corn crop, but farmers insist it will be more like 86 million because of rain delays
The middle of America should be a dark shade of green. But this year satellite images of vegetative growth show that states like Illinois, Indiana and South Dakota are more like a lime green. That’s because incessant rains and an incredible amount of overland flooding delayed planting in the Midwest and surrounding states. Corn and […] Read more
Major grain traders face one-two punch from U.S. floods, trade war
CHICAGO, July 10 (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill Inc and Louis Dreyfus Co, known […] Read more
Canola up, while cereals fall on good weather
November canola finished up 80 cents to $448.10 per tonne on the ICE futures market. January improved 90 cents to finish $454.90 and reaching out to May 2020 things improved $1.90 on the day, pushing it to $468. Wheat and corn took a hit to prices as those futures felt the pressure of a wide […] Read more
Continued dryness threatens Manitoba crops
Clayton Harder has plenty of experience with fungicides. That’s because he farms near Winnipeg, one of the wettest regions in Western Canada. But this year he isn’t spraying fungicides on his canola, soybeans, wheat and other crops because conditions are severely dry on his farm north of Winnipeg. “I spoke to a couple of other […] Read more
Feed grain prices fall after rain
WINNIPEG – Feed grain prices for feedlot alley in Lethbridge, Alta. took a tumble after parts of the Prairies received some much-needed rain. Jim Beusekom, president of Market Place Commodities in Lethbridge, said barley and wheat prices recently dropped. Barley was around C$285 to C$290 per tonne in the local area, down about $10 from […] Read more
