Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped on Monday for a fourth consecutive session as rainfall in Argentina’s parched growing areas diminished concerns over crop damage. Wheat fell to nearly 16-month lows as snow and rain across parts of the U.S. Great Plains brought needed moisture to winter wheat crops, while corn followed wheat […] Read more
U.S. grains: Soybeans fall as rain expected to aid Argentine crop
Snow in U.S. Plains pressures wheat
Storms to bring rain to parched Argentine fields next week, grains exchange says
Drought has limited soy, corn planting
Reading Time: < 1 minute Reuters — A storm front should bring moderate to abundant rainfall across most of Argentina’s key agricultural area over the next week, the Buenos Aires grains exchange said on Thursday, which could help farmers plant their fields after a historic drought. Lack of rainfall in Argentina, the world’s largest exporter of soybean oil and meal […] Read more
California rainstorms fade as death toll reaches 20
Drought to remain an issue for much of state
Reading Time: 2 minutes Reuters — The parade of atmospheric rivers that pounded California for three weeks finally faded on Monday, enabling the state to begin lengthy repairs to roads and levees as the White House announced U.S. President Joe Biden planned to survey the damage. The nine consecutive rainstorms that inundated California in succession since Dec. 26 killed […] Read more
California picks up debris from latest storm, braces for next
Also: Why all this rain won't end California's drought
Reading Time: 4 minutes Sacramento | Reuters — Rain-soaked Californians took advantage of a break in a weeks-long deluge to haul away dead trees, restore downed power lines and prepare new stacks of sandbags before another series of storms hits the state beginning Friday. In Monterey County along the state’s central coast, communities near the still-rising Salinas River were […] Read more
Last year tied as world’s fifth-warmest on record, U.S. scientists say
Global CO2 emissions continue to rise
Reading Time: 2 minutes Brussels | Reuters — Last year was the world’s joint fifth-warmest on record and the last nine years were the nine warmest since pre-industrial times, putting the 2015 Paris Agreement’s goal to limit global warming to 1.5 C in serious jeopardy, U.S. scientists said on Thursday. Last year tied with 2015 as the fifth-warmest year […] Read more
Worst drought in decades sees Argentina exchange slash soy, corn forecasts
Reading Time: 2 minutes Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn harvest estimate to around 45 […] Read more
U.S. grains: Corn up off three-week lows on technicals, Argentine drought
Wheat sinks to 15-month low on weak U.S. exports; soybeans also down
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended mixed on Tuesday after a technical and bargain-buying bounce from three-week lows faded as dull demand for U.S. exports overshadowed concerns about Argentina’s drought-reduced harvest. Soybeans ended mostly lower while wheat fell to its lowest in 15 months on good global supplies and weak demand for U.S. […] Read more
Another ‘atmospheric river’ storm renews flood threat in California
Reading Time: 2 minutes Sacramento | Reuters — Emergency crews braced for the next bout of high winds and torrential rains forecast to sweep California starting on Wednesday, renewing the threat of power outages and flooding that struck parts of the state over the New Year’s weekend. The latest “atmospheric river” — an airborne current of dense moisture flowing […] Read more
Northern California deluge’s current rainfall level expected again
Flood risk to continue into next week
Reading Time: 2 minutes MarketsFarm — While the deluge of rain over northern California took a day’s break on Tuesday, agricultural meteorologist Drew Lerner of World Weather Inc. said the heavy precipitation would soon resume. Following the worst drought in California history, the state has been receiving very intense precipitation that’s brought flooding to its northern areas. “It will […] Read more
U.S. grains: Soybeans end higher
Traders weigh Argentine dryness, U.S. exports; winter wheat underpinned by fears of winterkill damage; corn up on export news
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures ended slightly higher on Tuesday after jumping to six-month highs earlier in the day, supported by continued dryness in major soymeal exporter Argentina. Corn lifted after U.S. exporters reported a daily sale of 177,500 tonnes of corn for delivery to Japan, the U.S. Department of Agriculture said. Wheat […] Read more
A message from April Stewart, Country Guide's Associate Editor
