MarketsFarm — As summer turns to autumn on the Canadian Prairies, the weather outlook for the rest of September is for temperatures to be warmer than normal, according to Scott Kehler, chief scientist for Weatherlogics. One of the factors in those forthcoming temperatures is the El Niño that has been developing over the last several […] Read more
Rest of September to be warmer than normal for Prairies
Southern Prairies to remain drier than normal
CBOT weekly outlook: Poor crop ratings keep soy, corn supported
Major changes not expected in next WASDE
MarketsFarm — Hot and dry weather conditions cutting into crop ratings for soybeans and corn in the U.S. could see prices for both crops rise above nearby chart resistance levels, although the looming harvest may temper the upside potential. Both soybeans and corn were rated 53 per cent good-to-excellent in the latest weekly crop report […] Read more
Panama Canal water levels at historic lows, restrictions to remain
Lake feeding canal low on rainfall
Panama City | Reuters — The Panama Canal’s water levels have not recovered enough as the end of the rainy season approaches and limits on daily transit and vessel draft will stay in place for the rest of the year and throughout 2024, the waterway’s authority said on Tuesday. The restrictions, implemented earlier this year […] Read more
Australian crop estimates adjusted slightly lower
Crop seen down 34 per cent from last year
MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more
Orange juice prices near all-time high as storm hits Florida
Crop was already expected to be small
New York | Reuters — Orange juice prices at the Intercontinental Exchange (ICE) rose more than three per cent on Wednesday, heading back toward an all-time high hit earlier this month, as storm Idalia slammed parts of main U.S. orange producer Florida. Contracts for frozen concentrated orange juice (FCOJ) at ICE hit a high of […] Read more
Prairie Forecast: Mostly sunny and warm
Issued Aug. 30, covering Aug. 30 to Sept. 6
It’s a straightforward forecast for this period as the general weather pattern looks to be pretty quiet. It starts with a large area of high pressure centred over the Great Lakes with a weak area of low pressure over Alberta. The Great Lakes high will put sunny skies and warm temperatures over much of Manitoba […] Read more
U.S. grains: Soybeans climb on weather risk, export demand
Pro Farmer tour predicts corn, soy crops below USDA estimate
Chicago | Reuters — Chicago soybeans climbed on Friday, bolstered by extreme heat and mixed results on the final day of a Midwest crop tour. Corn traded much of the day mixed, ending just under even as crop production remains robust, despite recent yield-eroding weather. Wheat fell as global supplies remain plentiful, though signs of […] Read more
Thunderstorms and straight-line winds
Under the right circumstances they can be powerful enough to cause significant damage
Reading Time: 3 minutes Let’s do a quick recap of July weather. Alberta was spared the impacts of the large Hudson Bay upper low, with continued above average temperatures experienced in June. Edmonton was the hot spot with a mean monthly temperature of 18.6 C, which was about 2.5 C above average. Calgary came in second with a temperature […] Read more
Prairie forecast: unsettled to start then clearing and warmer
Issued Aug. 23, covering Aug. 23 to 30
Once again, the weather models are in good agreement so confidence in this forecast is fairly high. The only possible issue is that the different weather systems are rather weak which means timing of the systems can change easily. This forecast period starts off with two weak areas of low pressure, one over southern Manitoba, […] Read more
Panama Canal’s drought-induced bottleneck eases
Some vessels detour; transits per day still reduced
Panama City | Reuters — A backlog of vessels waiting to pass the Panama Canal due to drought-related restrictions has eased in recent days after the waterway’s authority authorized more non-booked ships to pass and as others are choosing alternate routes to avoid the delays. The Panama Canal Authority last week opened two additional slots […] Read more
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