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El Nino seen transitioning to neutral in next month or two
General, Reuters, Weather

El Nino seen transitioning to neutral in next month or two

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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
(Dave Bedard photo)
Crops, Machinery, Markets, Reuters, Weather

U.S. Midwest floods to weigh on diesel demand come harvest

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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
(Dave Bedard photo)
Crops, Markets, Reuters, Weather

Major grain traders face one-two punch from U.S. floods, trade war

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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
CBOT September 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat, corn down on crop conditions, weather

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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
(Dave Bedard photo)
Beef Cattle, Livestock, Weather

Manitoba to open up Crown lands for grazing, haying

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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
CBOT September 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy higher after choppy day amid hot forecasts

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures settled higher on Monday after a seesaw trading session. Analysts blamed the choppy day on forecasts for hot and dry weather in the U.S. Midwest in the coming days. But forecasts showing heat building further in the next two weeks, with limited rainfall, were causing concern […] Read more
Barley south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Barley, Crops, Markets, Weather

Feed weekly outlook: World weather buoys barley

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Reading Time: < 1 minute MarketsFarm — Canadian feed barley prices are being buoyed by a triple threat of weather circumstances both locally and abroad. Three years of dry growing conditions in Australia have tightened global feed barley supplies to the point that domestic Canadian prices have increased. Current feed barley bids are topping out at $6.25 per bushel in […] Read more
CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy ease on warmer weather

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean, corn and wheat futures all settled down on Monday after early strength, as outlooks for improved U.S. weather boosted crop production prospects, analysts said. The August soybean contract on the Chicago Board of Trade settled down 14-3/4 cents at $8.89-3/4 a bushel and new-crop November settled down 14-1/2 cents […] Read more
CBOT September 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy retreat as farm belt heats up

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as investors squared positions ahead of government reports on acreage and stocks due on Friday and as improving U.S. Midwest weather boosted crop prospects. Wheat futures ended mixed as improved harvest weather in the U.S. Plains winter wheat belt offset support from […] Read more

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