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Crops, Markets, Weather

Freeze fears boost U.S.wheat

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Reading Time: 4 minutes Chicago Board of Trade (CBOT) wheat futures jumped 1.3 per cent on Thursday, posting its biggest one-day advance in two weeks on concerns about production declines in the U.S. Plains hard red winter wheat belt due to freeze damage while soybeans leaped 1.4 per cent, the most in a month, on soaring U.S. cash soy […] Read more
Crops, Machinery, Weather

CP books higher Q1 grain revenue on less grain

Reading Time: 2 minutes Higher grain and fertilizer revenues per carload trumped “challenging winter conditions” as Canadian Pacific Railway booked its highest-ever first-quarter (Q1) gross in the period ending March 31. Calgary-based CP on Wednesday reported a profit of $217 million on gross revenues of $1.495 billion in its latest Q1, up from $142 million on $1.34 billion in […] Read more
Crops, Markets, Weather

U.S. soybeans tumble on looming South American sales

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Reading Time: 4 minutes Chicago Board of Trade (CBOT) soybean futures fell over one per cent on Wednesday on long liquidation anticipating heavy movement soon of soybean supplies from South America’s bumper harvest. Slow sales of soy from Brazil and Argentina have been helping lift soybean futures but traders said they expected movement to increase soon. Spot May which […] Read more
Crops, Markets, Weather

Few surprises in StatsCan’s seeded area intentions

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Reading Time: 3 minutes Statistics Canada’s first look at what farmers in Canada plan on seeding in the spring of 2013 yielded few surprises, despite the acreage projection for canola being smaller than anticipated and the all-wheat estimate coming in larger than expected. “The numbers will provide a good starting point to work with on paper, but weather, prices […] Read more
Crops, Weather

McMillan: U.S. spring grain seeding at a standstill

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Reading Time: 3 minutes Continued snow and below normal temperatures have kept most small grain seeding across the U.S. Northern Plains at a standstill. Al Dutcher, Nebraska state climatologist, said that even if temperatures return to normal, this April will be among the top-10 coldest. If temperatures remain below normal, April will rank in the top-five coldest on record. […] Read more
Crops, Markets, Weather

Chicago corn falls for second day as crop prospects improve

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Reading Time: 3 minutes Chicago Board of Trade (CBOT) corn futures fell for the second consecutive trading session on Tuesday on forecasts for better U.S. corn planting weather beginning this weekend and on recent rainfall that eased drought concerns and boosted production prospects. The CBOT new-crop December corn futures contract, the month most sensitive to 2013 U.S. planting and […] Read more
Crops, Markets, Weather

Late spring fuels uncertainty in StatsCan acreage ideas

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Reading Time: 3 minutes Industry participants are certain we’ll see uncertainty in Statistics Canada’s first seeding intentions survey for the spring of 2013, given the late winter thaw, possibilities of flooding in some regions and resulting delays in planting crops. StatsCan’s planting intentions survey, conducted the week of March 25 to April 3 and due out Wednesday, included 13,805 […] Read more
Crops, Machinery, Weather

Cold, snow in West chill CN’s Q1 grain handle

Reading Time: 2 minutes Suffering congestion from “extreme cold and heavy snow in Western Canada” in its first fiscal quarter, Canadian National Railway (CN) has prescribed itself “capacity enhancements” on the Prairies. The company on Monday reported net income of $555 million on $2.466 billion in revenues in its first quarter (Q1) ending March 31, down from $775 million […] Read more
Crops, Weather

Mississippi River barge traffic resumes near St. Louis

Reading Time: < 1 minute The Mississippi River reopened to commercial navigation on Monday afternoon along a 24-km stretch near St. Louis after an aerial survey found that none of the 11 barges that sank in the channel over the weekend posed a risk to navigation, the Coast Guard said. The river has been closed from mile marker 155 to […] Read more

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