Reading Time: 2 minutes MarketsFarm — Severe weather in the U.S. as well as macroeconomic factors at home and abroad affected grain prices on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Jack Scoville of Price Futures Group in Chicago said wet and cool weather across the U.S. Plains, Midwest and corn belt, as well as […] Read more
CBOT weekly outlook: Weather, demand affect grain prices
Wheat 'up and down' on Black Sea uncertainty
Argentina soybeans expected to go from horrible to great
El Nino expected to improve growing conditions
Reading Time: 2 minutes MarketsFarm — While Argentina is headed to one of its worst soybean harvests in decades, the U.S. Department of Agriculture (USDA) attaché in Buenos Aires projects a huge turnaround in 2023-24. Argentina is the world’s third-largest grower of soybeans — a fair amount less than Brazil and the U.S., but a lot more than other […] Read more
Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
Reading Time: < 1 minute Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more
U.S. forecaster sees 62 per cent chance of El Nino developing during May-July
Argentina, parts of U.S. could benefit; Asian crops may not
Reading Time: 2 minutes Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore, […] Read more
U.S. grains: Chicago futures lower on U.S. weather outlooks
Traders keep eye on warming trend for northern states
Reading Time: 2 minutes Mexico City | Reuters — Chicago corn futures closed lower on Wednesday after a day of ups and downs on improved weather outlooks for planting season in the U.S. and market readjustments from technically oversold positions, traders said. The prospect of a drier, warmer spell boosting spring field work in the northern farm belt that […] Read more
U.S. farmers aim to plant more corn, soy in 2023, but delays likely
Reading Time: 2 minutes Chicago | Reuters — U.S. farmers are aiming to expand plantings of corn, wheat and soybeans this year, the U.S. Department of Agriculture (USDA) said in a prospective plantings report on Friday, as the ongoing war in Ukraine keeps global supplies tight. But adverse planting conditions are likely to trim back the expansion in some […] Read more
Pulse weekly outlook: For growers, spring still far away
Just 'minor changes' expected in Manitoba acres
Reading Time: 2 minutes MarketsFarm — Springtime still seems distant for southern Manitoba as snow remains and freezing temperatures persist. However, provincial pulse specialist Dennis Lange said current conditions are setting up well for seeding after temperatures rise and snow melts. “We’re still a little ways off. There are still snow drifts in the fields in most areas of […] Read more
Manitoba’s Red River Valley at major risk for flooding
Province's March flood outlook report cites U.S. storms as reason
Reading Time: 2 minutes Manitoba has significantly raised the risk of spring flooding in its Red River Valley, follow “recent precipitation events south of the border.” Manitoba Transportation and Infrastructure’s Hydrologic Forecast Centre on Wednesday projected a major risk of flooding on the Red River and low to moderate risk of flooding in most Manitoba basins in its March […] Read more
No big changes in current weather patterns
Potential for some precipitation in early April
Reading Time: < 1 minute MarketsFarm — With spring officially underway, don’t expect a lot of major changes in the current weather patterns across the Canadian Prairies and the U.S. northern Plains, according to Drew Lerner of World Weather Inc. at Overland Park, Kansas. “For the rest of March, it’s status quo, it will stay cold. We’re not going to […] Read more
B.C. farmers granted late entry for AgriStability
Avian flu, 'extreme weather' events considered
Reading Time: 3 minutes With bird flu outbreaks and last spring’s weather woes in mind, farmers and ranchers in British Columbia are now spotted until the end of June to enrol in AgriStability. The province and the federal ag department on Tuesday announced they’ve agreed on a late participation option for the 2022 program year. In this case, the […] Read more
A message from April Stewart, Country Guide's Associate Editor
