Reuters — Another grain export terminal near Louisiana’s Gulf Coast shuttered for two weeks by Hurricane Ida restarted operations this week even as heavy rains from Tropical Storm Nicholas battered the region on Tuesday. Global grain trader Cargill said it had reopened its Westwego, La. grain export terminal and on Monday unloaded its first grain […] Read more
Some grain terminals restart after Ida as Nicholas rains arrive
Pulse weekly outlook: Small Canadian crops lead to marketing shift
MarketsFarm — Canadian pulse markets could see a ‘radical shift’ in the current crop year as drought conditions led to sharp reductions in pea and lentil production. Statistics Canada’s September principal field crop estimates, released Tuesday, and the previous report on Aug. 30 were determined by yield models using satellite imagery. MarketsFarm Pro analyst Mike […] Read more
Canada’s canola production likely to be cut further
MarketsFarm — Barely two weeks after Statistics Canada projected 2021-22 canola production to come in around 14.7 million tonnes, the U.S. Department of Agriculture forecast the Canadian oilseed crop to be about 14 million tonnes. Now, a few days after USDA’s supply and demand estimates, Statistics Canada is already set to update its Aug. 30 […] Read more
Drought maps show little change at end of August
MarketsFarm — Much of Western Canada remained in some state of drought at the end of August despite widespread rains late in the month, according to updated maps compiled by Agriculture and Agri-Food Canada. The area mapped out as dealing with ‘exceptional drought’ in south-central Manitoba’s agricultural regions contracted slightly compared to the previous month […] Read more
Recent rains boost winter wheat prospects
Even if their ground is still dry, some growers may seed winter wheat and cross their fingers
Reading Time: 4 minutes Recent rainfall across Alberta may have more producers considering winter wheat this year. “With the rains we’ve had lately, there are people who are still optimistic about putting in some winter wheat this year,” Gary Stanford said on Aug. 25, following a week that brought about an inch and a half of moisture to his […] Read more
Nexera canola seed to come with heat blast insurance
Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29
Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more
CBOT weekly outlook: Soybeans, corn looking past hurricane
MarketsFarm — Hurricane Ida has wreaked havoc on the U.S. Gulf Coast, pressuring Chicago Board of Trade soybean and corn futures as exports face disruptions — but the market is reacting more to what’s coming next than what has already happened, an analyst says. “I don’t know what the ramifications, if any, are for the […] Read more
U.S. grains: Corn, soy fall as Midwest rains benefit crops
Tight global wheat supplies could boost U.S. exports
Chicago | Reuters — U.S. corn and soybean futures ended lower on Thursday, as beneficial rainfall across the U.S. Midwest added pressure to soybean markets, while export sales capped losses. Wheat found technical support, underpinned by tight global supply concerns. Chicago Board of Trade most-active corn fell one cent to $5.50-3/4 a bushel, while nearby […] Read more
U.S. grains: Soybeans rally as crop conditions drop, soyoil prices rise
Hot weather forecast for heart of Midwest farm belt
Chicago | Reuters — U.S. soybean futures rallied on Tuesday on eroding Midwest crop conditions and improving export demand, and as soyoil prices rose another three per cent amid further gains in crude oil markets. Corn futures also climbed on deteriorating crop conditions across the heart of the farm belt. Wheat ended lower, though spillover […] Read more
When will it end? If the fall rains don’t come, the hurt will continue
Autumn downpours could turn things around but moisture reserves are greatly depleted
Reading Time: 5 minutes Stephen Vandervalk has seen some tough, dry years on his southern Alberta grain operation since he started farming. But never this dry — and never this tough. “We’re combining the worst crop we’ve ever combined in the history of the farm right now,” the Fort Macleod-area grain farmer said earlier this month. “We’re seeing 10- […] Read more
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