Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain futures settled down on Monday after corn touched a five-year high and soybeans reached a one-year peak, as forecasts for rain in U.S. crop-growing areas eased concerns about hot, dry weather. A recent warm, dry spell had fueled worries that corn could be damaged during crucial […] Read more
U.S. grains: Corn pulls back from five-year high
Pulse weekly outlook: Weather threatens India’s crops
Reading Time: < 1 minute MarketsFarm — India is experiencing abnormal rain and weather patterns that have resulted in almost half of the country receiving drastically less rain than usual. In total, the entire country is experiencing about 12 per cent less precipitation than is normally expected. Particularly, provinces in India’s key pulse-growing region are experiencing significant droughts during a […] Read more
U.S. grains: Corn tops three-week high on heat wave
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures exceeded a three-week high on Friday and soybeans advanced as forecasts for a heat wave fuelled concerns about potential damage to crops growing in farmers’ fields. Traders focused on worries about hot, dry conditions after heavy rains and flooding caused unprecedented delays in corn planting this spring. The […] Read more
Cargill quarterly profit drops on trade tensions, U.S. floods
Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more
El Nino seen transitioning to neutral in next month or two
Reading Time: < 1 minute Reuters — The El Nino weather pattern is likely to transition into ENSO-neutral conditions in the next month or two, a U.S. government weather forecaster said on Thursday. “ENSO-neutral” refers to periods in which neither El Nino nor La Nina is present, according to the National Weather Service’s Climate Prediction Center (CPC). ENSO-neutral conditions are […] Read more
Large Manitoba edible bean crop likely, weather willing
Reading Time: < 1 minute MarketsFarm — Manitoba could be looking at its largest edible bean crop in over a decade, as acres were up and early development generally looks good. Manitoba farmers seeded an estimated 163,700 acres of edible beans in 2019, according to Statistics Canada data. That would be up 20 per cent on the year and marks […] Read more
U.S. Midwest floods to weigh on diesel demand come harvest
Reading Time: 2 minutes Putnam County, Ill. | Reuters — A disappointing planting season due to massive flooding in the U.S. Midwest this spring is expected to have spillover effects on diesel demand during harvest season, analysts and traders said. Heavy storms that lingered over the Midwest left millions of acres unseeded and put crops that were planted late […] Read more
Major grain traders face one-two punch from U.S. floods, trade war
Reading Time: 3 minutes Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more
U.S. grains: Wheat, corn down on crop conditions, weather
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and wheat futures settled down on Tuesday after the U.S. Department of Agriculture (USDA) raised its condition ratings for both grains and more crop-friendly weather was forecast for the Midwest. “This downward trend has been led by wheat,” said Ted Seifried of Zaner Group. “These crop conditions are absolutely […] Read more
Manitoba to open up Crown lands for grazing, haying
Reading Time: 2 minutes Some Manitoba Crown lands not generally used for grazing or haying will be made available for temporary lease to producers this summer and fall. Citing “dry conditions in parts of the province,” the Manitoba government announced Monday that livestock producers “will temporarily be allowed to cut hay and allow animals to graze on Crown land […] Read more
A message from April Stewart, Country Guide's Associate Editor
