MarketsFarm — Pulse crops in Saskatchewan are in shape to have a good year, according to Dale Risula, a pulse specialist with the province’s agriculture department. “Pulses got off to a pretty good start. Moisture levels in the soil were pretty good. Most of the pulses were up and growing rapidly,” Risula said, noting pulse […] Read more
Pulse weekly outlook: Saskatchewan pulses heading for a good year
U.S. grains: Corn weakens on rain across Midwest
Soybeans gain for fifth session, wheat futures tumble
Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more
U.S. court finds for California’s work with Quebec on carbon market
Washington | Reuters — A U.S. federal district court has ruled that California’s co-ordination with Quebec in a cap-and-trade carbon emissions market is constitutional, a blow to the Trump administration made public in a filing late on Friday. In October, the Trump administration sued California for entering a climate agreement with Quebec, saying the state […] Read more
U.S. grains: Corn, soy down as weather favours yield prospects
Trade monitoring Northern Hemisphere wheat crops
Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday, nearing a two-week low as Midwest weather forecasts turned milder for the crop’s key growth phase this month, raising the potential for a large harvest, analysts said. The rosy weather outlook also pushed soybean futures lower, and wheat followed the […] Read more
U.S. grains: Wheat futures top two-month high on global harvest worries
Corn, soybeans firm as U.S. weather looks hotter, drier
Chicago | Reuters — Chicago Board of Trade wheat futures on Thursday leapt to their highest prices in more than two months as the latest crop estimates in major exporting countries like Argentina, France and Russia raised questions about global supply. Corn and soybean futures also strengthened, as weather forecasts predicted more heat and dryness […] Read more
Hot, dry weather is what’s needed now
Reading Time: < 1 minute While there’s been too much precipitation in many parts of the province, rainfall in June “is replenishing the low subsoil moisture reserves experienced in the South and parts of Central region this past year,” Alberta Agriculture said in its June 29 crop report. But most of the province needs a good stretch of hot, dry […] Read more
U.S. forecaster says La Nina expected to develop in fall 2020
Reuters — A U.S. government weather forecaster on Thursday forecast the development of a La Nina pattern during the August-October season, which is expected to persist through the remainder of 2020. There is about 50-55 per cent chance of La Nina developing during the Northern Hemisphere fall, with a 50 per cent chance it will […] Read more
CBOT weekly outlook: Trade looks to weather for support
MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more
Prairie summer weather patterns to hold for now
MarketsFarm — No major changes in the current weather patterns on the Prairies are expected at this time, according to a pair of weather experts. So far this summer, the region’s weather has been highlighted by warmer and generally drier conditions in the eastern Prairies, while the western portion has been cooler with a great […] Read more
U.S. grains: Soybeans hit four-month high on hot, dry weather
CBOT corn futures near 3-1/2-month peak
Chicago | Reuters — U.S. corn and soybean futures rose on Monday as expectations for unfavourably hot, dry weather increased concerns over the crops, after the federal government said last week that U.S. farmers planted fewer acres than expected. Soybeans touched a four-month high and corn traded near last week’s 3-1/2-month peak as the markets […] Read more
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