There is a large, deep area of low pressure spinning over the northern half of Hudson Bay along with a building area of high pressure over the Yukon. The counterclockwise rotation around the Hudson Bay low will create a north to northwesterly flow across the Prairies. This will allow the Yukon high to drop southward. […] Read more
Prairie Forecast: Winter temperatures try to move in
Issued Nov. 22, covering Nov. 22-29
U.S. grains: Chicago soybeans rise on Brazil’s weather woes
Wheat up more than two per cent on Russian strike in Ukraine; corn finishes slightly higher
Chicago | Reuters — U.S. soybean futures ended higher on Tuesday as Brazil’s torrid, crop-threatening weather conditions remained a prime worry for the market, despite rains over the last couple of days. Wheat futures also rose more than two per cent after a Ukrainian official said that Russian forces struck port infrastructure on one of […] Read more
U.S. grains: CBOT soybeans jump after insufficient Brazil rains
Wheat down more than one per cent
Chicago | Reuters — Chicago soybean futures rose two per cent on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday’s presidential election in Argentina. Chicago Board of Trade (CBOT) corn rose more than 0.5 per […] Read more
U.S. grains: Chicago soy, corn slip on improved weather in Brazil
Traders exit long positions ahead of U.S. Thanksgiving week
Chicago | Reuters — Chicago grain and soybean futures declined on Friday as the prospect of rain in drought-stricken Brazil eased crop concerns, while traders exited long positions heading into a shortened U.S. Thanksgiving trading week. Soybeans and corn dipped more than one per cent while wheat fell 0.5 per cent. The most-active soybean contract […] Read more
Don’t fear involvement in ag groups, say commission reps
There are more benefits than losses when you nominate yourself for a board
Reading Time: 5 minutes It’s election season for many of Alberta’s farm organizations but it can feel like pulling teeth to get farmers involved, say representatives of grower groups. The positions are not necessarily as time-consuming as farmers may think because there are many people to help and in many cases work-life balance is prioritized. “It has to be […] Read more
U.S. grains: Soybeans hit August high, soymeal climbs on strong demand
U.S. soy crush likely set record monthly high in October
U.S. soybean futures jumped to their highest price since August on Tuesday on concerns about unfavorable crop weather in top supplier Brazil, analysts said. A rally to contract highs in soymeal futures helped lift the soybean market.
Legislation allows Quebec’s UPA to rework funding formula
Bill 28 passes Quebec assembly
Quebec’s legislative assembly has passed a bill allowing the province’s overarching general farm organization, the Union des producteurs agricoles (UPA), to start the process toward a new funding model. Provincial Agriculture Minister Andre Lamontagne on Thursday announced the passage of Bill 28, which amends legislation governing organization of farming activities and the accreditation of UPA. […] Read more
U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather
Corn futures rise on U.S. sales to Mexico
Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
U.S. grains: Chicago corn slumps on forecast for record-large crop
Crude oil recovery lends some support to grains
Chicago | Reuters — Chicago corn futures posted a third straight weekly decline on Friday, as traders reacted to a government forecast that U.S. farmers will produce a record-large crop this year. Wheat was lower, following corn. Commodity funds hold a sizeable net short position in Chicago wheat futures, leaving the market prone to volatility […] Read more
Storage strategies change with bigger bins
As storage systems have grown, more attention is needed to keep crops safe
Reading Time: 4 minutes Glacier FarmMedia – In the 1970s, a standard bin was 14 feet in diameter with a capacity of 1,350 bushels. High rollers might add an extra ring to stretch that another 300 bu. There were bins 19 feet in diameter, with a 2,700 bu. capacity, but few farmers bought them because they were hard to […] Read more