nitrogen

No bets on carry-over nitrogen

Recent sampling shows there's less residual nitrogen from last year’s drought in the top six inches of the soil, but much of it may still be available between six and 24 inches

After a season of drought followed by a disappointing harvest, many farmers saw a silver lining in the fact that the conditions left them with a significant amount of residual nitrogen — as much as four times the normal levels in some areas. It was good news at a time when input costs, including fertilizer,



Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)

Fertilizer maker Yara says world faces extreme food supply shock

Sanctions cut global fertilizer supply 15 per cent, company says

Davos, Switzerland | Reuters — Norwegian fertilizer giant Yara says donors urgently need to close the U.N.’s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilizers and Ukraine’s grain export problems have created an extreme global shock. “The world has realized that food can be a weapon and it



CBOT July 2022 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and green lines). (Barchart)

U.S. grains: Soybean, wheat futures fall

CBOT corn closes higher

Chicago | Reuters — U.S. soybean futures fell on Wednesday, pressured by weather forecasts that will allow farmers to make good progress on the end of their planting tasks as well as concerns about demand from China. Chicago Board of Trade wheat futures also were weaker, with the market setting back on reports that Russia

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

ICE weekly outlook: Canola sideways for now

MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains


Grain shippers say the real problem is a capacity shortfall, and they worry when grain volumes pick up, the problem will be even worse. photo: paterson grain

Railways catching up with grain shipper demand

But the bigger question is what happens this fall if a ‘normal’ crop rolls in

After a brutal few months of being unable to meet the shipping demands of grain companies, the two major railways have largely caught up. “Over the last two or three weeks, it’s got a little bit better,” said Mark Hemmes, of Quorum Corp., Canada’s grain monitor. “We probably have less grain left to ship now,



CBOT July 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

U.S. grains: Corn futures touch six-week low

Wheat weakens, soybeans strong

Chicago | Reuters — U.S. corn futures dropped 1.8 per cent to a six-week low on Tuesday, pressured by a government report that farmers have made good progress in their much delayed planting tasks during the past week, traders said. “This is likely to ease previous concerns that the delays to planting could lead to