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Pacific Ocean sea surface temperature anomalies (in degrees Celsius) for the week centred on Sept. 14, 2022. (CPC.ncep.noaa.gov)
General, Weather

La Nina set to continue for third year

Other weather patterns may override temporarily

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MarketsFarm — With fall soon upon North America, there’s nothing overly unusual with the continuation of La Nina, according to Drew Lerner, president of World Weather Inc. at Overland Park, Kansas. Going into its third year, some people might think this is the third consecutive La Nina — but Lerner said it’s the same one, […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

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Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures slump on global demand concerns

Traders eye favourable U.S. harvest weather

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Chicago | Reuters — Chicago Board of Trade soybean futures stumbled on Friday as rising crop sales in Argentina and warnings of a recession raised concerns about global demand for U.S. supplies, analysts said. Corn futures ended little changed, while wheat futures advanced. Traders focused on demand for crops, after the U.S. Department of Agriculture […] Read more
(File photo by Lisa Guenther)
Crops, Reuters

Corteva to exit some markets, cut jobs in cost-saving push

Canada remains among company's 'core' markets

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Reuters — Seeds and pesticides company Corteva on Tuesday announced plans to exit about 35 countries and lay off roughly five per cent of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned spending and roll out measures […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets

Feed weekly outlook: Prairie grain bids see surprising harvest strength

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MarketsFarm — Feed grain bids in Western Canada have shown some strength in recent weeks, despite the advancing harvest. “We’ve been seeing a rally through harvest, which is an odd thing,” grain merchant Jay Janzen of CorNine Commodities at Lacombe, Alta. said. He tied the unseasonable strength to solid demand and a lack of significant […] Read more
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures fall from two-month highs amid broad sell-off

USDA resumes weekly export sales data

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Chicago | Reuters — U.S. grain and soybean futures closed lower on Thursday, with profit-taking dragging wheat down from two-month highs, traders said. Broad-based selling added pressure on prices as traders reduced their risk amid growing warnings of a global economic slowdown, analysts said. “Inflation and recession concerns hit all markets today,” CHS Hedging said. […] Read more
File photo of a BNSF grain train crossing the Gassman Coulee trestle near Minot, North Dakota. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. railroad strike averted

Biden calls deal a 'win for America;' strike's impact would have reached up into Canada

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Updated | Washington | Reuters — Major U.S. railroads and unions secured a tentative deal on Thursday after 20 hours of intense talks brokered by President Joe Biden’s administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond. Biden called the deal a “big win for […] Read more
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops

U.S. rail embargoes may stymie some Canadian rail traffic

CN halts most cross-border traffic; CP also monitoring situation

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Mindful of the potential for snarls on their own tracks, Canada’s big two railways are monitoring talks between a clutch of major U.S. railways and several of their labour unions to avert strikes and/or lockouts that may begin as early as Friday. As of Wednesday, three unions out of the 12 representing unionized rail workers […] Read more
CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn down on technical setback

Chicago December wheat rises

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Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on a round of technical selling as traders adjusted their positions following a market rally sparked by the government’s Monday forecast for smaller-than-expected harvests. “That was a surprising number out of the U.S. Agriculture Department and the market reacted,” said Chris Robinson, founder […] Read more
File photo of a BNSF grain train in Montana. (Photo courtesy BNSF Railway)
Crops, Reuters

U.S. railways to halt grain shipments ahead of potential shutdown

Fall fertilizer traffic also at risk

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Chicago | Reuters — Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain co-operatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and biofuels […] Read more

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