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CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines) and K.C. March 2022 wheat (blue line). (Barchart)
Crops, Markets

U.S. grains: Wheat up on export business

Corn, soy firm ahead of USDA data

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Chicago | Reuters — U.S. wheat futures rose about one per cent on Tuesday on a pickup in global export business and short-covering ahead of several key U.S. Department of Agriculture reports due on Wednesday, traders said. Corn and soybean futures edged higher ahead of the reports, which will include updated estimates of U.S. 2021
The RFS’s clearest success has been boosting income for corn and soybean farmers and related agricultural firms.
Comment, Op/Ed

Comment: U.S. biofuel mandate helps farmers, but does little else

Research shows it does little for energy security and harms the environment

By
If you’ve pumped gas at a U.S. service station over the past decade, you’ve put biofuel in your tank. Thanks to the federal Renewable Fuel Standard, or RFS, almost all gasoline sold in the U.S. is required to contain 10 per cent ethanol – a fuel made from plant sources, mainly corn. With the recent
Payments to corn farmers were approximately US$3 billion more than USDA’s final estimated damages from the trade war.
News

U.S. corn farmers overpaid in Trump trade aid

An impartial government agency said industry overestimated the value of lost export business

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Reuters – The Department of Agriculture overpaid U.S. corn farmers in 2019 by around US$3 billion for impacts from former president Donald J. Trump’s trade policies, in part because the agency overestimated the value of their lost export business, according to a non-partisan government agency report. The Market Facilitation Program in 2018 and 2019 distributed
(Dave Bedard photo)
Crops

U.S. aims to double cover crop planting to address climate change

Farmers in 11 states to be eligible for program

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Chicago | Reuters — The United States aims to double the country’s cover crop plantings to 30 million acres by 2030 under a new Department of Agriculture (USDA) conservation program launched on Monday. The agency’s Natural Resources Conservation Service (NRCS) will spend US$38 million to help farmers in 11 states plant crops at a time
CBOT March 2022 soybeans (candlesticks) with 20-day moving average (green line) and ICE March 2022 canola (yellow line, left column). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy, corn sag on South American weather outlooks

Wheat firms

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Chicago | Reuters — U.S. soybean and corn futures fell on Monday on forecasts calling for much-needed rains in dry areas of South America, along with long liquidation ahead of several key U.S. government reports due at mid-week, analysts said. Wheat futures firmed on short-covering and the unwinding of inter-market spreads. Chicago Board of Trade
CBOT March 2022 soybeans (candlesticks) with 20-day moving average (yellow line) and CBOT March 2022 soymeal (green line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans rally, following soymeal gains

Wheat capped by big Argentina, Australia crops

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Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a
CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans ease after weather rally

Corn firms, wheat slips to nearly three-month low

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Chicago | Reuters — Chicago soybean futures dipped on Thursday as broad selling in financial markets countered weather concerns in South America that had pushed prices to a five-month high. Corn ended just above even, paring losses as private estimates of South American crops fell further due to hot, dry conditions in the region. Wheat
Manitoba Co-operator reporter Allan Dawson received 2.7 inches of rain at his home near Miami. Man., June 9 — the most rain he received in one event during the 2021 growing season. The tap turned off in July with just 0.8 inch recorded the whole month. While it was dry around Miami, some parts of the province, including the Interlake, received much less.
News

The drought of 2021 won’t soon be forgotten

Dry weather and near-record heat ended a string of bumper Manitoba crops

By
Late last winter a farmer friend shared his concern about the 2021 growing season. We’d had almost no snow in southern Manitoba and the previous fall and summer had been dry too. It felt like drought. He was right. As someone present for both I’d say 2021 was the worst drought here since 1988. This

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