Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.
Tag Archives El Niño
Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans
Fertilizer companies are already dealing with lower profits as prices sag
El Nino to continue through Northern Hemisphere spring, U.S. forecaster says
Reuters — El Nino weather conditions will continue through the Northern Hemisphere during April-June 2024 with a 62 per cent chance, a U.S. government weather forecaster said on Thursday. “Above-average sea surface temperatures (SST) across the equatorial Pacific Ocean were indicative of a strong El Nino, with anomalies increasing in the central and east-central Pacific […] Read more
Low water on Mississippi to persist despite improved drought outlook
Risk of getting stuck mean less grain per barge
Chicago | Reuters — Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern U.S. this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday. The severe to exceptional drought choking the lower Mississippi River valley is expected to […] Read more
El Nino worries Brazil soy farmers as planting progresses, grain lobby says
Dry weather has pushed back planting
Sao Paulo | Reuters — Soybean farmers in top growing state Mato Grosso worry that scarce rains and high temperatures will lead to replanting of some areas while lowering yields in others, local grain farmer lobby Aprosoja-MT said Thursday. The unusual heat and dryness has been linked to the El Nino weather pattern, which is […] Read more
Rest of September to be warmer than normal for Prairies
Southern Prairies to remain drier than normal
MarketsFarm — As summer turns to autumn on the Canadian Prairies, the weather outlook for the rest of September is for temperatures to be warmer than normal, according to Scott Kehler, chief scientist for Weatherlogics. One of the factors in those forthcoming temperatures is the El Niño that has been developing over the last several […] Read more
Australian crop estimates adjusted slightly lower
Crop seen down 34 per cent from last year
MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more
How El Niño threatens emerging market economies
Significant changes to rainfall, or prolonged droughts, could also impact hydropower output, boost food, fuel prices
London | Reuters – Countries around the world are battling heatwaves and floods fueled by El Niño, a naturally occurring climate phenomenon that has a 90 per cent probability of persisting in the second half of 2023, according to the World Meteorological Organization. The worldwide impact can be enormous, but the stakes are higher for […] Read more
Market expert urges cautious approach for forward grain selling
That caution is well advised going into this growing season given the state of subsoil moisture across the Prairies. That’s the word from Bruce Burnett of MarketsFarm, which provides expert analysis on the markets and crops grown in Western Canada. As MarketFarm’s director of markets and weather information, Burnett specializes in assessing weather conditions and […] Read more
Pulse weekly outlook: Dryness to cut into Australian production
MarketsFarm — Dry conditions and low soil moisture reserves in key Australian growing regions, along with expectations for developing El Nino weather patterns, are expected to cut into the country’s pulse production in 2023-24, despite steady to higher seeding intentions for several crops, according to the latest crop report from the Australian Bureau of Agricultural […] Read more
A hot, dry Prairie June ahead
El Nino pattern could arrive
MarketsFarm — June is expected to see a continuation of the hot and dry weather most of the Canadian Prairies has experienced in May, according to Scott Kehler, chief scientist for Weatherlogics. “It looks like late spring/early summer is pretty hot across almost all of Western Canada. The Prairies are all above normal [temperature-wise],” Kehler […] Read more
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