Reading Time: 2 minutes With many crop insurance claims expected this year, AFSC has issued a release with tips to speed up the review and calculation of losses. Some of the main topics include: Clients are encouraged to submit their Harvest Production Report as soon as possible after harvest. Clients may want to take an acceptable grain sample to […] Read more
How to speed your crop insurance claim
AFSC says to submit production reports as soon as possible
Prairie Forecast: Summer trying to hang on
Issued Sept. 6, covering Sept. 6 to 13
The weather models seem to be in good agreement for this forecast period, with no strong storm systems expected to impact the Prairies, making for a fairly high-confidence forecast. This forecast period will start off with a generally west to southwesterly flow across the Prairies. A broad but weak area of low pressure is expected […] Read more
Rest of September to be warmer than normal for Prairies
Southern Prairies to remain drier than normal
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
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
U.S. grains: Soy futures jump as heat, dryness hurt crop more than expected
USDA rates soy, corn crops least good-to-excellent since 2012
Chicago | Reuters — Chicago Board of Trade soybean futures jumped on Wednesday after weekly U.S. government data showed crop conditions deteriorated more than expected during hot, dry weather. Reduced crop ratings fuelled expectations among traders that the U.S. Department of Agriculture may cut its yield forecast in a monthly report due next week. USDA […] 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
Pulse weekly outlook: Poor monsoon rains cut into India production
Canadian crops also expected lower
MarketsFarm — Disappointing monsoon rains in India this year are expected to cut into the country’s pulse production, according to reports out of the country. Crop production in India is highly dependent on the monsoon rains that typically soak the country from June through September, but the moisture to date was about nine per cent […] 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
U.S. grains: Wheat up off three-month low as Australian crop declines
U.S. corn, soy crop ratings fall more than expected
Chicago | Reuters — Chicago Board of Trade wheat futures edged higher on Tuesday, after hitting a three-month low, amid short covering and concerns about dry weather threatening production in export hubs including Australia. Corn futures also rose, while the soybean market eased as traders awaited the start of U.S. harvesting. After the markets closed, […] 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
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