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Cereals

CBOT July 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn slide on Midwest weather forecasts

Wheat tumbles after rally, poised for weekly gain

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Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more
(Lightguard/iStock/Getty Images)
Crops, Weather

Seeding already behind in Saskatchewan

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MarketsFarm — Saskatchewan Agriculture on Thursday issued its first weekly crop report of 2022, showing only one per cent of all crops in the ground. The report cited cool temperatures and spring snowstorms holding back many farmers getting into their fields. The overall five-year average at this time of year is five per cent complete. […] Read more
CBOT July 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat climbs on new global supply concerns

Corn pressured by hopes of planting progress

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Chicago | Reuters — Chicago wheat climbed for a second session on Thursday, underpinned by hot and dry weather across India that is likely to diminish that nation’s wheat export potential, while similar conditions erode U.S. winter wheat crops. Soybean and corn futures added after trading near even all day, as global supplies remain uncertain […] Read more
Yuri and Oleksiy, farmers wearing body armours and helmets, prepare for field work in Ukraine’s Zaporizhzhia region amid Russia’s invasion, on April 26, 2022. (Photo: Reuters/Ueslei Marcelino)
Crops, Reuters

Worsening global food security needs Ukraine, Russia production, UN chief says

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Abuja | Reuters — U.N. Secretary-General Antonio Guterres said Wednesday the problem of global food security could not be solved without restoring Ukrainian agricultural production and Russian food and fertilizer output to the world market. Russia’s invasion of Ukraine in February has added to volatility in financial markets, sending commodity prices higher and affecting logistics, […] Read more
CF Industries’ UAN plant at Donaldsonville in Louisiana. The company also makes UAN at plants in Ontario, Iowa and Oklahoma. (Thyssenkrupp-industrial-solutions.com)
Crops, Reuters

CF Industries profit soars as sanctions raise fertilizer prices

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Chicago | Reuters — CF Industries on Wednesday reported quarterly earnings climbed 485 per cent as the fertilizer maker ramped up U.S. shipments after Russia’s invasion of Ukraine catapulted prices for crop nutrients. Top fertilizer producers including CF, Nutrien and Mosaic Co. have benefited as sanctions on exporters Russia and ally Belarus limited global supplies […] Read more
CBOT July 2022 wheat (candlesticks) with 20-day moving average (dark green line), MGEX July 2022 spring wheat (yellow line) and K.C. July 2022 hard red wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago wheat jumps on India export concerns

Soy follows, corn mixed

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Chicago | Reuters — Chicago wheat futures soared on Wednesday on reports that India, a major world producer, would restrict exports as a drought threatened its production even as the nation had hoped to fill a global export gap created by ongoing war in Ukraine. Soybean futures also gained, while corn traded near even, awaiting […] Read more
Kees Van Beek, SDI director at Southern Irrigation, examines some winter wheat plants grown with subsurface drip irrigation at Lawrence Vandervalk’s farm in Nobleford, Alta., in 2021.
Crops, Features

A new way to water crops

Some Prairie farmers are opting for subsurface drip irrigation to boost crop production and increase water use efficiency

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They’re a rarity in Western Canada right now, but that didn’t stop Lawrence Vandervalk from installing a subsurface drip irrigation (SDI) system on his farm in Alberta. “Technology doesn’t stand still. Technology keeps moving forward. This is just another step in the progression of irrigation, and I think it’s a big step,” says Vandervalk, who […] Read more
Nutrien’s Patience Lake potash facility, about 15 km east of Saskatoon. (Nutrien.com)
Crops, Reuters

Nutrien may further raise potash output as sanctions curb other supplies

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Chicago | Reuters — Canada’s Nutrien, the world’s largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim CEO Ken Seitz said on Tuesday. Prices of crop nutrients such as potash have skyrocketed as sanctions against Russia for its invasion of Ukraine have disrupted […] Read more
CBOT July 2022 corn (candlesticks) with 20- and 50-day moving averages (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn eases despite slow U.S. plantings

Soybeans, wheat fall but remain above multi-week lows

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Chicago | Reuters — Chicago corn futures fell on Tuesday after initial gains, pressured by demand uncertainty despite adverse weather delays to U.S. planting progress, analysts said. Recent rainfall also pressured wheat, despite declining crop conditions, while soybeans moved lower on expectations of increased plantings if corn seedings continue to falter. The most-active corn contract […] Read more
(Nutrien video screengrab via YouTube)
Crops, Reuters

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

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Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels, […] Read more

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