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Vegetation growth index for the Prairie provinces compared to average as of May 26. (CCAP)
Crops, Weather

Canadian crop development behind average

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Reading Time: < 1 minute MarketsFarm — Crop development is running behind average across much of Canada, with excessive moisture delaying seeding in Ontario and dryness slowing crop development across the Prairies. That’s according to the latest satellite data from the federal Crop Condition Assessment Program (CCAP), created in partnership between Statistics Canada and Agriculture and Agri-Food Canada. Crop development […] Read more
CBOT July 2019 corn with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy rise as report shows rain slows plantings

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) corn futures rose on Tuesday to revisit last week’s three-year highs after the U.S. Department of Agriculture said U.S. planting was well behind the average pace for this time of year following repeated rainfall. Soybeans rose too as rain also slowed U.S. sowings, according to the […] Read more
The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
Corn, Crops, Reuters, Weather

Trump lifts curbs on E15 gasoline

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Reading Time: 2 minutes Washington | Reuters — The Trump administration on Friday lifted restrictions on the sale of higher ethanol blends of gasoline, keeping a campaign promise to farmers suffering from the trade war with China but inviting a legal challenge from the oil industry. The announcement allows gasoline stations to sell blends containing up to 15 per […] Read more
CBOT July 2019 corn with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn hits three-year high as planting delays prolonged

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Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures surged 4.1 per cent to their highest levels in nearly three years on Tuesday, supported by planting delays across key growing areas of the U.S. Midwest following heavy rains, traders said. The adverse weather in the Midwest and Plains also fuelled rallies in the soybean and wheat markets […] Read more
Precipitation percentiles on the Prairies for the period of April 1 to May 23, 2019. (Agriculture and Agri-Food Canada Drought Watch)
Crops, Pasture, Weather

Prairie dryness concerns to persist

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Reading Time: 2 minutes MarketsFarm — Large areas of Western Canada remain on the dry side, with little moisture in the immediate forecasts. And while it’s still early in the growing season, the interplay of conflicting patterns from the south and north will determine whether the dry areas receive timely precipitation during the growing season. “We are looking at […] Read more
U.S. livestock: Hogs, cattle drop as rains seen denting grilling demand
Livestock, Markets, Reuters, Weather

U.S. livestock: Hogs, cattle drop as rains seen denting grilling demand

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Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle and lean hog futures on the Chicago Mercantile Exchange (CME) closed mostly lower on Tuesday as both markets were pressured by worries that wet weather around large parts of the country would disrupt demand for pork and beef. Above-normal rains are expected across much of the western and […] Read more
File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)
Crops, Reuters, Spring Wheat, Weather

Australia to import first wheat in 12 years as drought bites

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Reading Time: < 1 minute Sydney | Reuters — Australia will import its first shipment of wheat in more than a decade as a drought across the country’s east coast wilts supply in the world’s fourth largest exporter of the staple grain. Australia’s Department of Agriculture and Water Resources said late on Tuesday that it has approved an import permit […] Read more
(IMNATURE/iStock/Getty Images)
General, Markets, Weather

No automatic renewals this year for Ontario’s RMPs

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Reading Time: < 1 minute With a new option this year for coverage under Ontario’s Risk Management Program (RMP), producers won’t be able to let previous decisions ride. Agricorp, the province’s farm program delivery agency, on Thursday released full 2019 program details for the RMPs for grains/oilseeds, cattle, hogs, veal and sheep, including premium rates and updated program timelines. As […] Read more
(SKHoward/iStock/Getty Images)
Crops, Machinery, Markets, Reuters, Weather

Climate change has U.S. fund managers adjusting agriculture investments

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Reading Time: 3 minutes New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more

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