Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from weakness in the overnight session after finding technical support, traders said. Wheat notched the biggest gain, with the benchmark Chicago Board of Trade soft red winter wheat contract rising 2.3 per cent. The contract rebounded from early weakness after finding […] Read more
U.S. grains: Wheat, corn, soy rally after finding technical support
Snow, cold grind Alberta harvest to virtual standstill
MarketsFarm — Last weekend’s dump of snow coupled with cold temperatures brought the Alberta harvest to a complete halt, according to the province’s latest crop report. For the week ended Oct. 1, the province-wide harvest managed to improve to 33.7 per cent from 28.1 per cent the previous week. This year’s pace was slightly above […] Read more
Feed weekly outlook: Snowfall boosts spot barley bids
MarketsFarm — Spot barley prices have received support from last weekend’s snows in southern Alberta, but the major barley-growing regions were mostly spared. While the cold and wet weather has delayed harvest activity, a promising forecast should allow for harvest to resume in the Red Deer area, where most of the barley crop is located. […] Read more
Late Canadian mustard crop facing quality downgrades
MarketsFarm — An early blast of snow and cold across the Prairies has delayed harvest operations for a mustard crop already running behind normal, with quality downgrades expected for any mustard still in the field. “It has to be absolutely flattened,” said mustard buyer Walter Dyck of Olds Products at Lethbridge on the effect of […] Read more
Alberta snow further delays canola harvest, boosts prices
MarketsFarm — Canola futures finished up at Monday’s close, boosted by a weather premium after a low-pressure system brought considerable snowfall to parts of Alberta over the weekend. Snow was mostly concentrated in the southern region of the province. Calgary and surrounding areas received around 30 centimetres of snow, according to preliminary results from Environment […] Read more
U.S. grains: Corn, soybean futures ease
Chicago | Reuters –– Chicago Board of Trade (CBOT) corn and soybean futures closed lower on Friday, as weather forecasts showed fewer yield risks to Midwest crops ahead of harvesting, as traders jockeyed for positioning ahead of a U.S. grain stocks report slated for Monday, traders said. Meanwhile, CBOT wheat futures extended a technical bounce […] Read more
Snow to stall harvests for western Prairies, Montana
Chicago | Reuters — A weekend storm is poised to bring more than a foot (30.5 cm) of snow to parts of Montana and the Canadian Prairies, putting portions of the region’s spring wheat and canola crops at risk, a meteorologist said. Excessively wet conditions in the region this month have already slowed fieldwork and […] Read more
Heavy North Dakota snows threaten wheat seeding
Chicago | Reuters — A blanket of heavy, wet snow covering most of North Dakota, the top U.S. wheat state, threatens to delay planting of spring wheat in another blow to a U.S. farm belt already facing billions of dollars in damage from flooding. Farmers from Missouri to South Dakota have seen their corn and […] Read more
U.S. farm belt slammed by floods, heavy snow from bomb cyclone
Reuters — A harsh late-winter storm broadsided a vast swath of the U.S. agriculture industry this week as heavy snow closed roads and buried cattle in the Plains while excessive rain flooded Midwest fields and swamped grain elevators. A “bomb cyclone” hurled hurricane-force winds, sparked tornadoes and dumped heavy snow and rain across the Plains […] Read more
U.S. livestock: Cattle futures jump on snowstorm
Chicago | Reuters — U.S. cattle futures approached a one-year high on Tuesday on concerns that wintry weather in the middle of the country will temporarily tighten supplies. Snow in states such as Kansas, Nebraska and Iowa this week is expected to slow the transportation of cattle to processing plants run by companies such as […] Read more
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