Reading Time: 3 minutes Paris | Moscow | Hamburg | Reuters – Searing heat has devastated wheat fields across northern Europe while a combination of dry conditions and extreme rain in the Black Sea have hit output estimates, with prices soaring on fears of further crop damage. Evidence of serious harm to crops is growing as harvesting heads north in […] Read more
Heatwave ravages European fields, sending wheat prices soaring
German farmers seek 1 billion euros in drought aid
Reading Time: < 1 minute Hamburg | Reuters – Farmers in Germany need special aid of around 1 billion euros ($1.17 billion) because of damage to harvests caused by drought and heatwave, the head of German farming association DBV said on Monday. The aid should be paid to farmers who have lost 30 percent and more of their harvests, DBV […] Read more
Drought’s effects linger on Prairies
Reading Time: 2 minutes CNS Canada — After a dry growing season last year in Western Canada, effects of the drought are still evident with news that most livestock producers won’t be doing a second cut of hay. “Pastures and hay fields didn’t get the moisture that they needed to really recharge over that winter period and get a […] Read more
U.S. grains: Wheat retreats after nearing six-week peak
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures pulled back on Monday after approaching a six-week high on concerns about dry weather eating into harvests in some of the world’s main exporting countries. Corn futures advanced for the sixth consecutive session to reach their highest prices in three weeks, while soybeans neared a two-week high before […] Read more
Beef, eggs, feed fatten Cargill’s profits
Reading Time: 2 minutes Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017 […] Read more
Feed weekly outlook: Prairie market focused on weather
Reading Time: 2 minutes CNS Canada — Western Canadian feed grain buyers aren’t concerned if they’ll have crops to buy at the end of the summer, but they are concerned what the quality of those crops will be. “At this point it’s a weather market. So we kind of wait and see as it unfolds and respond accordingly,” said […] Read more
U.S. grains: Wheat rallies on dry weather fears
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped more than two per cent on Friday and ended the week up nearly five per cent as worries about dry weather in key global production regions fueled short-covering and speculative buying. Soybeans advanced for the fifth time in six sessions on renewed Chinese buying of U.S. export […] Read more
Feed weekly outlook: Barley prices hang tight, await new crop
Reading Time: 2 minutes CNS Canada — The thought of sizzling days near the end of May 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness of […] Read more
U.S. grains: Wheat hits 10-month high on weather, turns lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased from 10-month peaks on Thursday as profit-taking eroded early gains stemming from dry weather in the U.S. Plains and other major growing areas around the world. Soybeans slipped from three-week highs as hedge-related selling offset earlier support from signs of renewed export demand from top buyer China. […] Read more
Farmland values rise, but interest rates curb market
Reading Time: 3 minutes CNS Canada — Prices of Canadian farmland were seen rising in 2017, with most sales happening in the first half of 2017 before interest rate increases and the drought in Western Canada hit. That’s according to the annual Farmland Values Report released Monday by Farm Credit Canada (FCC), based on 90 per cent of farmland […] Read more
A message from April Stewart, Country Guide's Associate Editor
