U.S. corn rose one per cent to a record high on Thursday and new-crop soybeans rose three per cent a day ahead of a key U.S. government report that’s expected to slash production estimates due to damage from the worst drought in 56 years. "People are putting risk premium back in ahead of the USDA […] Read more
U.S. corn hits record on eve of key crop report
U.S. corn, soy rally ahead of USDA report
U.S. corn futures rose nearly two per cent on Wednesday, halting a two-day sell-off, as traders positioned for a keenly awaited U.S. government crop report that may predict the lowest U.S. corn yield in 15 years. Additional support stemmed from scattered corn harvest reports that were even worse than expected as combines began to roll […] Read more
Some showers seen for drought-stricken U.S. crops
A better chance of rain was expected late this week in portions of the drought-stricken U.S. Midwest, bringing some relief to the struggling corn and soybean crops, an agricultural meteorologist said on Wednesday. "The U.S. weather model has a little wetter forecast than yesterday, but overall it looks like a similar pattern in August that […] Read more
Hope fades for relief to U.S. drought
Midday weather updates indicated worsening stress on the U.S. corn and soybean crops for the next two weeks as the worst drought in over 50 years retains a firm hold on America’s heartland, an agricultural meteorologist said on Wednesday. "There are no soaking rains seen through Aug. 8," said Andy Karst, meteorologist for World Weather […] Read more
Rain to help crops in northern Midwest
Rainfall in the northern U.S. Midwest over the next 10 days will provide some relief for the drought-stricken corn and soybean crops, but more rain is needed to stem further crop losses, an agricultural meteorologist said Tuesday. "It’s a wetter forecast than we saw earlier. There’s a better chance of rain from Minnesota into Michigan […] Read more
Corn and soybeans pull back from peaks
U.S. corn slid more than 1 per cent from record highs on Monday and soy tumbled more than 3 per cent from its peaks, due to forecasts for rain in drought-plagued U.S. crop regions, tumbling equities and a stronger dollar. "Forecasts are a little wetter than they were last week, the rains will help some […] Read more
U.S. grain prices set records, more searing heat in forecast
Grain prices set record highs on Friday and weather forecasts showed little to no relief in sight from the worst U.S. drought in more than half a century, feeding worries about food inflation at home and abroad as supplies dwindle in the world’s largest grain exporter. The United Nations’ Food and Agriculture Organization (FAO) said […] Read more
U.S. harvest prospects wilt under weather stress
U.S. weather updates at midday Tuesday showed little change from the relentless pattern of stress on the U.S. corn and soybean crops, an agricultural meteorologist said. "There is not much change from this morning, at least for the Midwest. We’re still looking at about the same pattern as this morning," said Andy Karst, meteorologist for […] Read more
Rains slow final U.S. harvest, cold snap arriving
Showers early this week slowed the final corn harvest, especially in Ohio, and a widespread cold snap is on tap after mid-week, an agricultural meteorologist said on Wednesday. "Harvest is mostly complete. Still some corn to harvest in Ohio and they were slowed by rains early this week," said Andy Karst, meteorologist for World Weather […] Read more
Rains in U.S. to provide minor benefit to mature crops
Rain in the U.S. over the weekend and more showers forecast for the central and eastern Midwest this week will not buoy corn or soybean production, an agriculture meteorologist said Tuesday. Corn and soybean crops are in their late filling stage of development and rainfall now will provide only minor benefit to each crop. “We’re […] Read more
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