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CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans ease after weather rally

Corn firms, wheat slips to nearly three-month low

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Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat […] Read more
Environment Canada’s forecast probabilities of precipitation for the January-through-March period. (Weather.gc.ca)
Crops, Livestock, Weather

Colder-than-normal Prairie winter forecast

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MarketsFarm — Colder-than-normal temperatures are in the long-range forecast across Western Canada over the next three months, while much of Eastern Canada should be warmer. The latest seasonal forecast from Environment Canada, released Friday, calls for a 50 to 90 per cent chance of below-normal temperatures from January through March for the four western provinces. […] Read more
CBOT March 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans, corn supported by South America dryness

Wheat ratings decline in Kansas, Oklahoma, USDA says

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Chicago | Reuters — Chicago soybean and corn futures climbed on Tuesday, underpinned by dry weather in parts of South America that could hurt yields in rival export markets, while wheat rose after a three-session decline. The most-active soybean contract on the Chicago Board of Trade (CBOT) closed 34-1/4 cents higher at $13.89-3/4 a bushel, […] Read more
CBOT May 2022 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Corn, Crops, Markets

CBOT weekly outlook: Corn up, but highs may not last

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MarketsFarm — Corn, wheat and soybeans were all trading on a positive note at the Chicago Board of Trade (CBOT) just days before the winter holidays. According to Scott Capinegro, a broker for Barrington Commodity Brokers at Lake Barrington, Ill., a greater appetite for risk by investors and inclement weather have both supported the markets. […] Read more
File photo of a dicamba-damaged soybean plant. (Reuters)
Crops, Reuters, Weather

U.S. EPA reviewing dicamba over crop damage claims

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Chicago | Reuters –– The U.S. Environmental Protection Agency is assessing whether dicamba herbicide can be sprayed safely on soybean and cotton plants genetically engineered to resist the chemical, without the procedure posing “unreasonable risks” to other crops, an agency official said Tuesday. Farmers and scientists for years have reported problems with dicamba drifting away […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat futures drop on weather view

CBOT corn, soybean futures rise

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Chicago | Reuters — Chicago Board of Trade winter wheat futures fell 1.7 per cent on Wednesday as forecasts for mild temperatures and some rain in key growing areas raised hopes that the crop will be in good condition before it heads into dormancy, traders said. “U.S. weather for wheat looks pretty good,” said Terry […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Wheat, barley supplies tighten, replaced by corn

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MarketsFarm — The further tightening of wheat and barley feed supplies is prompting feedlots to purchase more corn from the U.S., according to an Alberta-based analyst. “We’re nine months away, or almost 10 months away from more inventory coming in. There’s not much there for wheat and barley,” said Mike Fleischhauer of Eagle Commodities at […] Read more
File photo of a CN locomotive in Winnipeg. (Dave Bedard photo)
Crops, Weather

CN again reopens Kamloops-Vancouver corridor

'Quite a bit' of traffic shifted to Prince Rupert

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MarketsFarm — After recent heavy rains forced Canadian National Railway to close its Kamloops-to-Vancouver corridor for a second time, the railway reopened its critical line to Canada’s busiest port on Sunday. CN spokesperson Jonathan Abecassis said the corridor was initially closed a second time during the most recent spell of heavy rains in southwestern British […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

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MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more

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