Glen Loyns, trader and general manager for JGL Commodities in Moose Jaw, Sask., said while the recent heat and dryness has reduced yield expectations, prospects of a decent harvest are still putting pressure on prices.
Wheat
Feed Grain Weekly: Weather, low U.S. prices affecting Prairie markets
U.S. grains: Chicago corn falls below $4 on beneficial weather
Chicago December corn futures settled below $4 and hit a contract low on Wednesday as favorable U.S. crop prospects weighed and farmers began selling their hefty supplies of old crop corn, traders said.
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
Manitoba Crop Report: Early crops ready for harvest
Fields across Manitoba saw variable amounts of precipitation as crops continued to develop under hotter temperatures during the week ended July 28, according to the province’s weekly crop report.
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
Alberta Crop Report: High temperatures damage crops
Major crops were rated at 55.3 per cent good to excellent, down from 72.9 per cent the previous week. The south region’s crops were rated 77.2 per cent good to excellent, while the northeast region was at 62.5 per cent and the Peace region was at 57.3 per cent. Conditions in the northwest region fell to 37.7 per cent and the central region dropped to 32.4 per cent, for declines of 40.1 and 29.8 points, respectively.
Cereal leaf disease minimal in Alberta but be aware of blown-in stripe rust
The province received variable precipitation this spring which had pathologists and producers expecting the arrival of members of the leaf spot complex. However, Kelly Turkington with the Agriculture and Agri-Food Canada Lacombe Research and Development Centre said they may have been scorched by the July heat wave.
Prairie Wheat Weekly: Weather, weak loonie fail to lift prices
Despite temperatures exceeding 30 degrees Celsius on the Prairies and a weakened Canadian dollar, Western Canadian spring wheat prices were mixed and those for durum were lower during the week ended July 25.
U.S. grains: Corn and soybeans rise on hot, dry weather concerns
Chicago | Reuters – Chicago soybeans and corn strengthened on Thursday as worries about the August weather forecast in the central U.S. took centre stage. Meanwhile, slow demand and cheap Russian exports pressured wheat as a crop tour in North Dakota forecast high spring yields in the United States, according to analysts. Hot, dry weather […] Read more
Cyber-Savvy Farmer
