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Crops, Markets, Weather

U.S. soy leaps most in seven months on Argentina woes

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Reading Time: 3 minutes U.S. soybeans jumped three per cent on Tuesday, the biggest advance in seven months, on concerns about crop prospects in Argentina following disappointing rainfall and as China returns to the buy-side of the soybean market after the Lunar holiday. Soybeans also gained support from slow shipments from Brazil, as well as technical buying on follow-through […] Read more
Crops, Weather

Wheat acres set to climb in Canada

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Reading Time: 2 minutes Attractive prices and weather issues are expected to help farmers in Canada look seriously at seeding more acres to wheat this summer than in previous years, according to industry sources. "Last year a lot of farmers took a chance with canola given the high financial returns, but the drier than anticipated conditions across parts of […] Read more
Crops, Markets, Weather

U.S. corn drops for 10th straight day; wheat, soy fall

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Reading Time: 3 minutes U.S. corn futures slipped for the 10th straight session on Thursday on crop-friendly weather in South America and expectations for rising global supplies, traders said. Wheat futures fell as improving U.S. weather conditions and fund selling overshadowed strong weekly U.S. export sales data, and soybeans fell after weekly export sales fell short of trade expectations. […] Read more
Crops, Weather

Sask. predicts ‘above-normal’ spring runoff

Reading Time: 2 minutes Snowfall received so far this year across agricultural Saskatchewan points to an "above-normal" spring runoff, according to the February forecast from the province’s Water Security Agency. The forecast takes into account the below-normal rainfall seen in the last half of 2012, which left most of the agricultural areas in Saskatchewan with relatively dry conditions going […] Read more
Crops, Markets, Weather

U.S. wheat falls to seven-month low on wetter weather

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Reading Time: 3 minutes Chicago wheat prices fell to a seven-month low on Tuesday after much-needed precipitation provided some moisture to the drought-stricken winter-wheat growing area of the United States. Corn also slipped, extending its losing streak to the longest since mid-2007, on a potential rebound in world grain supply this year, while soybeans dipped. Snow and rain showers […] Read more
Crops, Markets, Weather

Australia nudges up wheat estimate

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Reading Time: 2 minutes Australia, the world’s second-largest wheat exporter, raised its production estimate for the current marketing year by a fraction from its December estimate, as the crop largely escaped damage from a heat wave and floods this summer. The Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES) forecast wheat production of 22.077 million tonnes for […] Read more
General, Markets, Weather

USDA sees one more boom year for U.S. farmers

Reading Time: 3 minutes The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this year and then come to an abrupt end as high costs start to bite, the government projected on Monday. The U.S. Agriculture Department said farm income would soar to a record $127.6 billion this year, up […] Read more
Crops, Weather

Sask. to reinsure crop insurance against wreck years

Reading Time: 2 minutes Saskatchewan’s provincial crop insurance agency plans to reinsure itself against heavy claim years starting in 2013, a year in which the agency plans record-high per-acre coverage through a record-high budget. Saskatchewan Crop Insurance Corp. (SCIC) announced Monday it will, for the first time ever, buy private reinsurance — a move it said will help "to […] Read more
Crops, Markets, Weather

U.S. corn tumbles on weak demand, Brazil outlook

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Reading Time: 3 minutes U.S. corn fell for a fifth straight session on Thursday and hit a four-week low as Brazil’s government forecast a record-large harvest this year, suggesting U.S. exports would face another year of stiff competition from the world’s No. 2 supplier. Soybean futures rebounded from earlier declines after the U.S. Department of Agriculture reported stronger-than-expected export […] Read more
Crops, Markets, Weather

Wetter Argentine forecast pressures U.S. corn

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Reading Time: 3 minutes U.S. corn futures dropped for a third straight session on Tuesday because of sluggish demand and expectations for wetter weather in world No. 3 exporter Argentina. Soybean prices rebounded from an earlier profit-taking slump on technical buying and some concerns that the still-developing South American crop may shrink further if the weather worsens. Wheat dropped […] Read more

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