CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn firms on technicals, short-covering

Soybeans retreat; wheat futures consolidate

Chicago | Reuters — U.S. corn futures rose on Thursday on technical buying and short covering following a two-week slide that took prices to 2-1/2 year lows. Soybean futures fell in a profit-taking retreat from multi-month highs posted after the U.S. Department of Agriculture (USDA) unexpectedly slashed its U.S. plantings estimate and as recent rains […] Read more



Forecast probability of temperatures above, below and/or near normal for the period from July through September 2023, based on three equiprobable categories from 1991-2020 climatology. (Weather.gc.ca)

Dry, hot Canadian summer expected

Normal precip expected for Ontario, Quebec

MarketsFarm — Warmer-than-normal temperatures are expected across all of Canada for the next three months, with average precipitation in most of the agricultural areas of the Prairies. That’s according to the latest long-range seasonal forecast from Environment Canada, released Friday. The government department calls for a 50-70 per cent chance of above-normal temperatures from July […] Read more






Ducklings on display at the Red River Ex in Winnipeg on June 20, 2023 stuck to the shady side of the waterer as daytime temperatures maxed out at nearly 36 C. (Dave Bedard photo)

Prairie Forecast: Shift in the pattern

Issued June 21, covering June 21 to 28

The weather pattern that brought some record heat to the eastern Prairies, and some significant rains to parts of Alberta, looks like it will be undergoing a bit of change during this forecast period. The overall flow across the Prairies appears as though it will become predominantly northwesterly as an upper low sets up over […] Read more



File photo of storm clouds over northeastern Alberta. (ImagineGolf/E+/Getty Images)

Prairie Forecast: Alberta low looks to dominate

Forecast issued June 14, covering June 14-21

So far, the weather models have been doing a good job with the medium-range forecasts, only falling off late in the forecast period. Of course, in the summer, short-range forecasts can be difficult, especially when it comes to just when and where thunderstorms will develop. I always find it interesting that a forecast could be […] Read more

Soil cracks around corn plants below knee-high at Manchester Township, about 130 km west of Philadelphia in southern Pennsylvania, on June 6, 2023. (Photo: Paul Kuehnel/USA Today Network via Reuters)

CBOT weekly outlook: Weather market for soy, corn

U.S. targets for biofuel blending pending

MarketsFarm — With soybean and corn seeding nearing completion across the United States, attention in the futures markets is focused squarely on growing conditions. “We’re in a weather market, so look for traders to keep these prices chopping around over the next few weeks,” said Terry Reilly of Futures International in Chicago. Relatively dry conditions […] Read more