Reading Time: 2 minutes Ottawa | Reuters — Canadian helicopters carried out multiple missions on Monday to rescue hundreds of people trapped in their vehicles on a highway after huge rainstorms sparked landslides in British Columbia. The rainstorms that started on Sunday triggered landslides, shut roads, prompted the evacuation of an entire community, forced an oil pipeline to close […] Read more
Severe B.C. rainstorms spur landslides, shut roads
Rains make sunny days for sunflower crops
Reading Time: 2 minutes MarketsFarm — Despite drought conditions throughout southern Manitoba decimating crops during the summer, late rain showers in some areas are improving harvests of one crop in particular. Precipitation in August helped improve the sunflower seed harvest in areas of Manitoba, with the province reporting on Oct. 13 average yields of more than 2,000 lbs. per […] Read more
U.S. grains: Prices down on rains, Ida shuts grain facilities
Iowa, Minnesota crops benefit from rain; Cargill says Ida damaged Louisiana terminal
Reading Time: 2 minutes Chicago | Reuters — Favourable rains in the U.S. Farm Belt combined with approaching harvests to push down Chicago Board of Trade grain and soybean futures on Monday, analysts said. Traders, meanwhile, assessed disruptions to U.S. crop exports from Hurricane Ida at a time when global supplies are tight and demand from China is strong. […] Read more
U.S. grains: Corn, soy fall as Midwest rains benefit crops
Tight global wheat supplies could boost U.S. exports
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures ended lower on Thursday, as beneficial rainfall across the U.S. Midwest added pressure to soybean markets, while export sales capped losses. Wheat found technical support, underpinned by tight global supply concerns. Chicago Board of Trade most-active corn fell one cent to $5.50-3/4 a bushel, while nearby […] Read more
U.S. grains: Corn, soy sag on broad commodities weakness
Forecasts call for rain in northwestern U.S. Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell about 2.5 per cent on Thursday, following broad declines in commodities including crude oil and metals tied to fears about slowing global growth, analysts said. Pressure also stemmed from forecasts for rains in northwestern portions of the Midwest that could improve production prospects, particularly for […] Read more
CBOT weekly outlook: Prices could turn higher by month’s end
Reading Time: 2 minutes MarketsFarm — By the end of July, markets should have a good idea of what will shake out for corn and soybean crops in the U.S., according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Corn and the soy complex on the Chicago Board of Trade (CBOT), as well as the U.S. wheat complex, […] Read more
U.S. grains: Soybeans, corn fall on cool, wet forecast
Wheat supported by dryness in northern Plains
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures ended lower on Thursday, pressured by cool, rainy forecasts across the U.S. growing belt, though dryness in the upper Midwest continues to threaten developing crops. Corn eased as beneficial rains aided crops entering pollination, while wheat firmed as sparse moisture reached drought-hit spring wheat regions. The most-active soybean […] Read more
Feed weekly outlook: Alberta feed prices rising
Reading Time: 2 minutes MarketsFarm — Higher-than-normal temperatures and continued demand for feed have caused prices for Alberta feed barley and feed wheat to increase over the past few weeks. However, that demand has pulled back somewhat. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids for Alberta feed barley were at $7.84 per bushel, 48 cents higher […] Read more
Pulse weekly outlook: Saskatchewan crops fight off record heat
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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 message from April Stewart, Country Guide's Associate Editor
