Small amounts of rain this week and early next week in about 70 to 75 per cent of the U.S. Midwest Crop Belt will provide some relief to deteriorating corn or soybean crops from the relentless and spreading drought, meteorologists said on Monday. “There’s no huge change in the forecast today, maybe a little more
Little relief seen for Midwest drought: meteorologists
U.S. grain prices set records, more searing heat in forecast
Grain prices set record highs on Friday and weather forecasts showed little to no relief in sight from the worst U.S. drought in more than half a century, feeding worries about food inflation at home and abroad as supplies dwindle in the world’s largest grain exporter. The United Nations’ Food and Agriculture Organization (FAO) said
U.S. harvest prospects wilt under weather stress
U.S. weather updates at midday Tuesday showed little change from the relentless pattern of stress on the U.S. corn and soybean crops, an agricultural meteorologist said. "There is not much change from this morning, at least for the Midwest. We’re still looking at about the same pattern as this morning," said Andy Karst, meteorologist for
Crop problems lead to options bets on $7-$8 corn
For the past month, investors who foresee a potential shortfall in U.S. corn production at a time of brisk demand have placed low-risk bets that new-crop prices will surge 25 to 45 per cent by the end of this year. They’re banking on corn to surge back to the $7- or even $8-per-bushel mark after
Rains slow final U.S. harvest, cold snap arriving
Showers early this week slowed the final corn harvest, especially in Ohio, and a widespread cold snap is on tap after mid-week, an agricultural meteorologist said on Wednesday. "Harvest is mostly complete. Still some corn to harvest in Ohio and they were slowed by rains early this week," said Andy Karst, meteorologist for World Weather
Drought Keeps Stranglehold On U.S. Plains Wheat
Drought cont inues to plague the U.S. Plains hard red winter wheat region and there is no relief in sight from the dryness until at least October, an agricultural meteorologist said Sept. 23. It remains quite dry and it will remain that way for at least three weeks, on into October, said Don Keeney, meteorologist
Rains in U.S. to provide minor benefit to mature crops
Rain in the U.S. over the weekend and more showers forecast for the central and eastern Midwest this week will not buoy corn or soybean production, an agriculture meteorologist said Tuesday. Corn and soybean crops are in their late filling stage of development and rainfall now will provide only minor benefit to each crop. “We’re
CME To Push Ahead With Higher Corn Trading Limits
The CME Group made it clear at a July 19 meeting that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by
CBOT corn limit likely to move to 40 cents a bushel
The CME Group made it clear at a meeting on Tuesday that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by
Higher Corn Prices Lead To Fertilizer Price Spike
U. S. fertilizer prices have doubled over the past year, with a quarter of the gains coming in the last three months, signalling that farmers will expand corn planting next spring to capitalize on high prices. Trade sources said increased fertilizer orders by farmers, coupled with corn prices hovering around two-year highs near $6 per
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