drought Archives - Page 9 of 45

File photo of a southern Alberta field as spring approaches. (BrendanHunter/iStock/Getty Images)

Prairie soil moisture picture growing clearer

Alberta driest; Saskatchewan variable; Manitoba mostly OK

By GFM Network News April 18, 2023

It’s a variable soil moisture picture on the Prairies as seeding season draws nearer. The east has enough moisture — and in some cases too much. And it gets progressively drier toward the west, with portions of Alberta nearing critical condition, according to one weather watcher. Bruce Burnett, weather and markets director for the MarketsFarm […] Read more

File photo of a soybean field in Argentina. (Federico Weyland/iStock/Getty Images)

Crops, Markets, Reuters, Soybeans, Weather

Vast tracts of drought-hit Argentine soy fields seen going unharvested

Yet more cuts to production possible

By Reuters, GFM Network News April 14, 2023

Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more

Pacific Ocean sea surface temperature (SST) anomalies, in degrees Celsius, for the week centred on April 5, 2023. (CPC.ncep.noaa.gov)

Crops, Reuters, Weather

U.S. forecaster sees 62 per cent chance of El Nino developing during May-July

Argentina, parts of U.S. could benefit; Asian crops may not

By GFM Network News April 13, 2023

Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore, […] Read more

The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)

Corn, Crops, Markets, Soybeans, Weather

Argentina soybeans go from ‘worse to worser,’ expert says

Heatwave now crisping early-planted crops

By GFM Network News March 15, 2023

MarketsFarm — Extreme heat and drought throughout most of Argentina have taken a huge toll on that country’s soybean crop. Dr. Michael Cordonnier of Soybean and Corn Advisor said the forthcoming soybean harvest is now likely to produce 25 million to 30 million tonnes, a far cry from the 40 million to 45 million tonnes […] Read more

(Richardson International video screengrab via YouTube)

Canola, Crops, Markets, Soybeans

Canola crush of 2022 smallest in five years

Meanwhile, soybean crush rose on the year

By GFM Network News March 13, 2023

MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021 […] Read more

A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

Crops, Markets, Reuters

CBOT weekly outlook: It still comes down to South America

Continent's soy situation conflicting

By GFM Network News March 2, 2023

MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because […] Read more

Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)

General, Markets, Weather

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

By Dave Bedard, GFM Network News March 1, 2023

New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also […] Read more

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Crops, Markets, Weather

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

By GFM Network News February 14, 2023

MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more

CBOT March 2023 soybeans with 20-day moving average (yellow line, right column) and CBOT March 2023 soymeal (brown line, left column). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybean futures climb as soymeal soars

Chicago corn retreats, wheat inches higher

By Julie Ingwersen, GFM Network News February 3, 2023

Chicago | Reuters — U.S. soybean futures rose on Thursday as uncertainty about crop prospects in Argentina lifted soymeal futures to life-of-contract highs, traders said. Corn futures fell on technical selling and a bounce in the U.S. dollar, which tends to make U.S. grains less competitive globally, although U.S. corn export sales in the latest […] Read more

Beef Cattle, Livestock, Reuters

U.S. beef cow herd falls to lowest level since 1962, USDA says

Last year saw record cull, Rabobank reports

By Tom Polansek, GFM Network News January 31, 2023

Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount of pasture […] Read more

Media reports suggest U.S. dairy access to Canada a topic of conversation in Ottawa

U.S. livestock: Cattle choppy amid weak cash market, tight supply

China’s canola, soybeans imports to drop one million tonnes each

GFM Network News