Reading Time: < 1 minute MarketsFarm — Monsoon rains in India are expected to be near normal in 2019, according to the first long-range forecast of the year from the India Meteorological Department. The southwest monsoon typically runs from June through September. It provides crucial moisture for the country’s agriculture sector, as it accounts for roughly 70 per cent of […] Read more
Near-normal monsoon expected in India
U.S. shutdown sends grain traders, farmers hunting for data
Reading Time: 3 minutes Chicago | Reuters — When the U.S. Department of Agriculture announced a slew of key farm reports would not be released on Friday due to the partial government shutdown, the phones at crop forecaster Gro Intelligence blew up. The USDA was set to release its views on the projected size of U.S. soybean stockpiles, among […] Read more
U.S. delays key agriculture reports due to government shutdown
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture (USDA) delayed several major domestic and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly world agricultural supply and demand estimates (WASDE) report and other data originally scheduled for Friday, Jan. 11, will be […] Read more
Canola prices vulnerable after StatsCan report
Reading Time: 2 minutes CNS Canada — The latest acreage report from Statistics Canada failed to surprise most investors in the market, but still could leave canola futures looking overpriced, according to a trader. “It certainly is a negative number,” said Ken Ball of PI Financial in Winnipeg, referring to the agency’s estimate for canola. StatsCan’s report on Friday […] Read more
U.S. grains: Corn sags on long liquidation, favourable crop conditions
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Friday on technical selling including fund-driven long liquidation along with strong crop prospects amid mostly favourable weather in the U.S. Midwest, analysts said. Wheat futures also declined as the U.S. winter wheat harvest began while soybeans closed firm as traders awaited news from U.S.-China trade talks […] Read more
U.S. grains: Wheat falls; corn, soy firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, led lower by a sharp decline in MGEX spring wheat as investors liquidated bullish positions following the U.S. Department of Agriculture’s forecast for a bigger-than-expected crop in the northern Plains, traders said. The selloff pushed the benchmark Chicago Board of Trade soft red winter wheat […] Read more
Soggy forecast worries Prairie farmers in race to seed crops
Reading Time: 2 minutes Winnipeg | Reuters — Heavy rain forecast for the soggiest parts of the Prairies this week is likely to further delay seeding in the world’s biggest canola-exporting country, meteorologists say. The rain, forecast to hit Alberta and Saskatchewan on Wednesday and Thursday respectively, would be the latest blow to farmers who could not harvest all […] Read more
U.S. grains: Corn, soy, wheat fall after USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell more than two per cent on Wednesday, the most in a month, while soybean and wheat futures also declined on expectations for record-large U.S. harvests and huge grain inventories. At the CBOT, December corn settled down 8-1/2 cents at $3.37 per bushel. November soybeans […] Read more
Prairie crop acres forecast to rise across the board
Reading Time: 2 minutes CNS Canada –– Just about every major crop grown in the Canadian Prairies is forecast to come out a winner in the annual fight for acres this year, with unseeded area the only place where reductions are forecast, according to early estimates. “Most crops are likely to increase this year, just because we’ll get the […] Read more
A message from April Stewart, Country Guide's Associate Editor
