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
Northern California deluge’s current rainfall level expected again
Flood risk to continue into next week
Pulse weekly outlook: 2022 a ‘good year’ for Manitoba pulses, soy
Reading Time: 2 minutes MarketsFarm — Despite a rough start to southern Manitoba’s growing season, Manitoba Pulse and Soybean Growers executive director Daryl Domitruk was content with how 2022 came to pass. “For pulses and soybeans, it was generally a good year as a result of some very good yields in soybeans and some quite good yields in dry […] Read more
U.S. grains: Soybeans firm as investors track Argentine weather
Wheat, corn drift lower after multi-week highs
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose on Thursday, after rallying earlier in the day to the highest price since June, as investors tracked forecasts for much-needed rain across Argentine crops and China’s dropping of strict COVID-19 measures. But the price rally was capped by investors looking to capture profits and adjust their positions […] Read more
U.S. grains: Soy firm on Argentina weather, China demand hopes
Wheat market awaits U.S. winterkill assessment
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose for a third consecutive session on Wednesday as traders watched weather forecasts in Argentina for signs of much-needed rainfall, while China’s dismantling of COVID-19 restrictions raised hopes for improved demand. Corn also found support from uncertain weather in South America, while wheat lifted as trade kept monitoring […] 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
Winter storm causes havoc across Canada
Alberta ranchers shelter cattle against winds
Reading Time: 2 minutes Ottawa/Winnipeg | Reuters — Strong winds, freezing rain and heavy snowfall closed schools, cut power to homes and cancelled flights across Canada on Friday as a powerful winter storm swept across the country, prompting authorities to warn people to stay indoors ahead of worsening conditions. The storm is connected to the same freezing weather system […] Read more
U.S. grains: Freezing temperatures threaten winter wheat, lift prices
Forecasts of weekend rains in Argentina keep lid on soy, corn
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures climbed on Friday, gaining for a second consecutive week as frigid temperatures threaten winter wheat crops across the U.S. Plains and into the Midwest. Fresh export activity in soybeans and corn added support, though gains were limited by much-needed rainfall in Argentina that will boost the rival export […] Read more
U.S. livestock: February live cattle lower on slaughter delays
Winter weather caps gains in hog futures
Reading Time: 2 minutes Chicago | Reuters — CME live cattle futures eased on Thursday, as harsh cold conditions delayed slaughter operations, analysts said. Summer month futures climbed to contract highs as traders anticipate lower cattle supplies, possibly exacerbated by icy conditions. “We’re seeing those prices in April push through the roof. We now have a December that’s bitter […] Read more
U.S. grains: Soybeans ease on South American rainfall
Forecasts of freezing weather in U.S. Midwest support wheat; corn near even
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures dropped on Thursday, pressured by South American forecasts for more rain which could relieve parched soy crops in Argentina. Corn and wheat weakened, holding on to some of the previous day’s gains as extreme winter weather threatens winter wheat crops in the U.S. Plains and Midwest. The Chicago […] Read more
CBOT weekly outlook: U.S. winter wheat to feel the cold
Crop off to 'a really bad start'
Reading Time: 2 minutes MarketsFarm — With frigid weather coming out of the Arctic, across the Canadian Prairies and into the U.S., there has been an upswing in wheat prices at the Chicago Board of Trade (CBOT). Prior to Christmas Day, temperatures are expected to fall as cold as -40 C in the northern Plains to below freezing in […] Read more
A message from April Stewart, Country Guide's Associate Editor
