drought Archives - Page 29 of 45

CBOT December 2021 corn with 20- and 100-day moving averages (blue and dark green lines) and MGEX, CBOT and K.C. September 2021 wheats (black, yellow and orange lines). (Barchart)

U.S. grains: CBOT corn, soy, wheat rally as hot forecasts trump rains

MGEX September wheat also climbs

By Mark Weinraub, GFM Network News June 28, 2021

Chicago | Reuters — Chicago Board of Trade corn, soybeans and wheat rallied on Monday, with traders focused on forecasts for heat in the western U.S. Midwest that will quickly dry out soils in major production areas. “The forward forecasts have the heat that is presently over the Pacific Northwest to move over the western […] Read more

Barley, Crops, Markets, Spring Wheat, Weather

Feed weekly outlook: New-crop prices to rise

By GFM Network News June 25, 2021

MarketsFarm — Well covered with grain for now, feedlots are beginning to set their sights on the new crop. Drought conditions on the Prairies and the U.S. northern Plains are causing new-crop feed wheat and feed barley prices to go up, according to a Saskatchewan-based trader. “Demand for old crop (is) dwindling and the focus […] Read more

ICE July 2021 canola (candlesticks) with 20-day movjng average (green line), ICE November 2021 canola (yellow line) and CBOT July 2021 soybeans (black line, left column). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, carryout support canola

By GFM Network News June 24, 2021

MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more

MGEX September 2021 spring wheat (candlesticks) with 20-day moving average (green line) and CBOT September 2021 wheat and corn (yellow and orange lines). (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Wheat rallies on Plains weather concerns

Chicago soybeans, corn weaker

By Mark Weinraub, GFM Network News June 24, 2021

Chicago | Reuters — U.S. wheat futures rose on Wednesday, led by gains in MGEX spring wheat contracts that firmed on concerns that dry conditions in key growing areas of the northern U.S. Plains and Canada could limit the size of the harvests. Soybean futures were lower as improving crop prospects in the U.S. Midwest […] Read more

MGEX July 2021 spring wheat (candlesticks) with CBOT and K.C. July 2021 winter wheats (yellow and green lines). (Barchart)

Crops, Markets, Spring Wheat, Winter Wheat

CBOT weekly outlook: MGEX wheat spread widens over winter wheats

By Phil Franz-Warkentin, GFM Network News June 23, 2021

MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather forecasts. Nearby spring wheat futures, […] Read more

Flea beetles in canola seedlings. (Canola Council of Canada video screengrab via YouTube)

Canola, Crops, Weather

Flea beetles a nuisance for canola crop

By GFM Network News June 19, 2021

[UPDATED: June 22, 2021] MarketsFarm — Western Canada’s canola crop has been hit hard by hot, dry weather so far this growing season in the midst of ongoing drought conditions — which may also be aiding another threat. *Across the Prairies, flea beetles are an oft-seen pest that feeds on both canola and mustard seedlings, […] Read more

ICE November 2021 canola (candlesticks) with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, soy complex weaken canola

By GFM Network News June 16, 2021

MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing areas in Western Canada and […] Read more

Corn seedlings in southern Ontario. (Farmtario photo by John Greig)

Crops, Markets, Weather

CBOT weekly outlook: Weather market expected for rest of month

By GFM Network News June 16, 2021

MarketsFarm — The weather is just one of the factors guiding futures values at the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. As prices have fluctuated with hot and dry weather interrupted by rain, Reilly noted there’s more to the ebbs and flows than the latest […] Read more

File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)

Crops, Pulses, Weather

Pulse weekly outlook: Timely rains benefitting Saskatchewan crops

By GFM Network News June 15, 2021

MarketsFarm — As with crops across the Prairies, pulses in Saskatchewan got a much timely shot in the arm with recent rainfall, according to Carl Potts, executive director of Saskatchewan Pulse Growers. “I think pulse crops have benefitted from the rains we’ve had over the last two or three weeks here in the province,” he […] Read more

CBOT July 2021 corn (candlesticks) with CBOT, MGEX and K.C. July 2021 wheat (orange, green and yellow lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn, soy sag as crop weather outlook improves

Moisture stress remains in parts of Corn Belt

By Julie Ingwersen, GFM Network News June 14, 2021

Chicago | Reuters — U.S. corn futures fell by almost four per cent on Monday on forecasts for improving crop weather in the Midwest, including cooler temperatures and beneficial rains late this week, analysts said. Soybeans fell more than two per cent and wheat followed the weaker trend as the U.S. winter wheat harvest got […] Read more

GFM Network News

U.S. livestock: Cattle futures turn lower

U.S. grains: Soy futures dip as traders await China sales; corn, wheat sag

Seeds Canada announces Dan Wright as new CEO

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