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The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina's Buenos Aires province on Dec. 5, 2022.
Crops, Weather

Storms to bring rain to parched Argentine fields next week, grains exchange says

Drought has limited soy, corn planting

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Reuters — A storm front should bring moderate to abundant rainfall across most of Argentina’s key agricultural area over the next week, the Buenos Aires grains exchange said on Thursday, which could help farmers plant their fields after a historic drought. Lack of rainfall in Argentina, the world’s largest exporter of soybean oil and meal
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn retreat off multi-month highs

Putin's comments on exports underpin wheat

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Chicago | Reuters — U.S. corn and soybean futures settled lower on Wednesday as traders booked profits after both markets set multi-month highs and as weather forecasts promised much-needed rains in Argentina’s crop belt, traders said. Wheat followed the weaker trend. Chicago Board of Trade March soybeans settled down 15-1/4 cents at $15.24-1/2 per bushel,
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola’s steady week takes late turn

Outlook 'neutral to bearish'

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MarketsFarm — While canola prices turned lower Wednesday, the week ending that day was full of rangebound trade activity with little movement. The March canola contract traded within a range of $832-$846.70 per tonne during the week, settling at the low end of the range after falling $5.20 on Wednesday to close at $832.70/tonne. Winnipeg-based
Farmer Ignacio Bastanchuri stands in a wheat field at Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)
Crops, Markets

CBOT weekly outlook: Soy, corn markets’ eyes on South America

Wheat market remains sensitive to Ukraine news

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MarketsFarm — Soybean and corn futures at the Chicago Board of Trade were boosted by last Thursday’s bullish supply/demand estimates from the U.S. Department of Agriculture, but attention has since shifted back to South American growing conditions. “The primary thing right now is South American weather,” said market analyst Tom Lilja of Progressive Ag at
CBOT March 2023 corn with 20-, 100- and 200-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy up off early declines on export data

Chicago wheat follows suit

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Chicago | Reuters — Chicago Board of Trade (CBOT) corn and soybean futures rallied to multi-month highs on Tuesday as signs of export demand and follow-through support from last week’s bullish U.S. government supply/demand reports overshadowed early pressure from wetter South American weather forecasts, traders said. Wheat followed the higher trend. CBOT March corn settled
derek johnson
Crops

AgriInsurance coverage expected to rise in 2023

Crop insurance amendments laid out at Ag Days in Brandon

AgriInsurance coverage is expected to reach $5.3 billion in 2023, up from the $4.7 billion projected last spring, the provincial ag minister announced at Manitoba Ag Days in Brandon on Tuesday. “The costs and risks related to farming in Manitoba continue to climb,” Agriculture Minister Derek Johnson said in a release. Average coverage is estimated
Standard choppers are frequently not large enough to spread residue effectively and harrows can create residue clumping, says agronomy consultant Phil Needham.
Crops

Excess crop residue a yield-robbing issue on many farms

It’s a problem everywhere — mismatched choppers and harrows that don’t fix the problem, agronomist says

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Throughout his travels as a consultant, Phil Needham has noticed producers continue to struggle with residue management to the detriment of crop emergence, plant counts and yield. Many residue management woes come down to two pieces of equipment: harrows and mismatched choppers on combines, said Needham, who operates an agronomy services company in Kentucky. “I
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Markets

Pulse weekly outlook: New Year’s pressure drags on North Dakota peas

Pea prices relatively higher north of border

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MarketsFarm — Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green
(File photo by Dave Bedard)
Crops, Markets

Fund traders flip back to short side on canola

Corn traders reduce net long position

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MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures

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