Chicago | Reuters — Chicago wheat futures rallied on Tuesday, even after India said it would allow overseas wheat shipments awaiting customs clearance, as traders focused on an unrelenting question roiling global prices: Where will the world get its grain? The most-active wheat contract on the Chicago Board of Trade (CBOT) dipped early in the […] Read more
U.S. grains: Chicago wheat firm as worries about global supplies remain
Corn retreats, soybeans also firm
Eastern Prairies’ wet conditions may curb insect pest risk
Late-seeded crops may germinate more quickly in warmer soils
MarketsFarm — If there could be one benefit to the excessive moisture across much of southern Manitoba and the Interlake region, that would be a potentially reduced risk for insect pests, according to John Gavloski, entomologist for Manitoba Agriculture, Food and Resource Development. For example, Gavloski cited flea beetles, which could damage canola. “If [canola] […] Read more
India bans wheat exports as heat wave hurts crop, domestic prices soar
Ban could push global wheat prices to new peaks
Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies […] Read more
Dust storm, hurricane-force winds tear across U.S. upper Midwest
Chicago | Reuters — Hurricane-force winds tore across the U.S. upper Midwest Thursday evening, sending walls of dust across cities and rural towns, causing widespread property damage and killing at least two people. Straight-line winds up to 170 km/h reached from Kansas to Wisconsin, pushing waves of farmland topsoil across the horizon and plunging communities […] Read more
Pulse weekly outlook: Late Prairie seeding may sway acres out of peas
MarketsFarm — Excessive moisture in the eastern Canadian Prairies this spring may cut into pea acres in the region, as producers like to get the crop in the ground early. Canadian farmers intended to plant 3.55 million acres of peas for the 2022-23 crop year, according to a report from Statistics Canada. That would be […] Read more
World could see 1.5 C of warming in next five years, WMO reports
London | Reuters — The world faces a 50 per cent chance of warming of 1.5 C above pre-industrial levels, if only briefly, by 2026, the World Meteorological Organization (WMO) said on Monday. That does not mean the world would be crossing the long-term warming threshold of 1.5 C (2.7 F), which scientists have set […] Read more
U.S. grains: Soybeans, corn slide on Midwest weather forecasts
Wheat tumbles after rally, poised for weekly gain
Chicago | Reuters — Chicago corn and soybean futures slid on Friday as rising interest rates and currency pressures weighed on U.S. exports and forecasts of warm, dry weather opened a window for Midwestern farmers to get their crop planted. Recent rainfall in South America could boost Brazil’s south-central corn crop, which on Friday was […] Read more
CBOT weekly outlook: U.S. spring wheat seeding near standstill
MarketsFarm — A succession of weather events has pretty much brought spring planting in North Dakota and Minnesota to a standstill, according to analyst Tom Lilja of Progressive Ag at Fargo, N.D. The weekly crop progress report from the U.S. Department of Agriculture (USDA) estimated nationwide planting of spring wheat at 19 per cent complete […] Read more
Pulse weekly outlook: Wet weather delays southern Manitoba seeding
Soybeans could take yield hit if planted in June
MarketsFarm — Another blast of heavy precipitation across southern Manitoba, the third in as many weeks, has already delayed seeding for pulses, according to a production specialist. Laura Schmidt, a production specialist for Manitoba Pulse and Soybean Growers, said the 40 to 50 millimetres of rain across the region on April 29-30 all but guaranteed […] Read more
Heat wave threatens India’s wheat output, export plans
Thin supplies, rising prices indicate lower output
New Delhi | Reuters — India’s wheat output looks likely to fall in 2022 after five consecutive years of record harvests, as a sharp, sudden rise in temperatures in mid-March cut crop yields in the world’s second-biggest producer of the grain. The drop could curb Indian exports of the staple. Cashing in on a rally […] Read more
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