Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday, recouping a portion of heavy losses from a day earlier, as a lower-than-expected U.S. crop rating tempered hopes that rain will improve field conditions. Rains from Friday into next week will offer timely moisture for corn that will be in the key […] Read more
U.S. grains: Soy futures rebound on declining crop condition
Forecast rain has eased U.S. corn yield fears
Hot weather cuts into Canadian mustard crop
Price increases already noted
MarketsFarm — Canada is looking at another small mustard crop in 2021, which should keep prices well supported for any unpriced crop, as recent heat stress cut into yields. “That was a very rough week,” said Walter Dyck, the Alberta-based general manager with Wisconsin mustard-processor Olds Products, on the late June/early July heat wave that […] Read more
Pulse weekly outlook: Saskatchewan crops fight off record heat
MarketsFarm — The “heat dome” which enveloped Western Canada last week delivered a blow to Saskatchewan’s pulse crops. Thirty-four temperature records were shattered on Friday, including those at Regina, Prince Albert, Swift Current, Weyburn and Yorkton. Saskatoon and Lucky Lake, northeast of Swift Current, were the province’s hot spots that day at 40 C. Nine […] Read more
U.S. grains: Corn limit down as crop weather improves
Market retreats from rallies last week
Chicago | Reuters — Chicago Board of Trade corn futures sank by the daily limit on Tuesday as forecasts for cooler, wetter U.S. weather eased concerns about unfavourable crop conditions. Prices pulled back after climbing 12 per cent last week on lower-than-anticipated U.S. plantings estimates from the Department of Agriculture. The estimates made the market […] Read more
A crystal ball to predict drought
Reading Time: < 1 minute Ag Canada says its new Drought Outlook tool can predict likely drought conditions one month into the future. The tool uses Drought Monitor assessments along with precipitation and temperature forecasts from Environment Canada. It features two side-by-side maps — one showing drought conditions as of a particular date and a linked one predicting the ‘drought […] Read more
B.C. presses for ranchers to register before wildfires hit
Premises ID helps protect livestock in emergencies, province says
British Columbia’s provincial ag ministry hopes to shore up ranchers’ participation in the Premises Identification program against the risk of further wildfires this year. About two-thirds, or 5,200, of B.C.’s non-supply managed livestock producers, and all the supply-managed dairy cattle and poultry premises in the province, are registered in the program, the province said Wednesday. […] Read more
Western Canada lightning strikes up tenfold, stoking fires
Vancouver | Reuters — Lightning strikes in Western Canada over the past two days soared nearly tenfold from the same time a year ago, triggered in part by a record-breaking heat wave, meteorologists said, warning of more strikes over the weekend that could further stoke forest fires fanned by high winds. Over 710,000 lightning events […] Read more
U.S. grains: Soybeans, wheat fall
CBOT corn ends slightly firm
Chicago | Reuters — U.S. soybean and wheat futures fell on Thursday while corn firmed slightly, with all three commodities closing well off their session peaks on a round of profit taking after rallying to their highest since mid-June, traders said. Forecasts for improving crop weather in the U.S. Midwest added pressure. CBOT November soybeans […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
Beekeepers got knocked down but they got up again
Reading Time: 3 minutes Despite many tribulations, beekeepers are optimistic about getting a good honey crop this year After two terrible, no-good, very bad years, Alberta’s beekeepers are feeling a little more optimistic. Poor weather severely reduced production in 2019, then came high overwintering losses, then the pandemic brought a maelstrom of troubles, and then more bad weather. “Last […] Read more
Cyber-Savvy Farmer
