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Tag Archives crop conditions

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Crops, Weather

Rain helps Ontario crops as last of seeding presses on

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MarketsFarm — Rains were timely in helping with crop establishment, according to the latest report from the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA). As some spring planting remained to be completed, amounts of precipitation ranged from 12 to 55 millimetres. While herbicide applications on cereals continued in southern Ontario, planting in the
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Crops, Weather

Seeding already behind in Saskatchewan

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MarketsFarm — Saskatchewan Agriculture on Thursday issued its first weekly crop report of 2022, showing only one per cent of all crops in the ground. The report cited cool temperatures and spring snowstorms holding back many farmers getting into their fields. The overall five-year average at this time of year is five per cent complete.
CBOT December 2021 corn (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn eases as harvest progresses

Soybeans climb after reaching three-month low

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Chicago | Reuters — Chicago corn eased for a fourth session on Tuesday as harvest progressed in the U.S., pressuring supplies, while a rallying dollar and lingering storm disruption cooled export sentiment. Wheat tracked corn lower on outside market pressure, while soybeans firmed after a near three-month low on Monday. The most-active corn contract on
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Prices down on rains, Ida shuts grain facilities

Iowa, Minnesota crops benefit from rain; Cargill says Ida damaged Louisiana terminal

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Chicago | Reuters — Favourable rains in the U.S. Farm Belt combined with approaching harvests to push down Chicago Board of Trade grain and soybean futures on Monday, analysts said. Traders, meanwhile, assessed disruptions to U.S. crop exports from Hurricane Ida at a time when global supplies are tight and demand from China is strong.
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn climbs on weaker crop conditions

Soybeans mixed, wheat eases

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Chicago | Reuters — Chicago corn futures climbed on Wednesday for a second day after the U.S. Department of Agriculture cut crop ratings on Monday afternoon, though beneficial rainfall across parts of the upper U.S. Midwest limited gains. Soybeans ended higher after the market made its biggest daily gain since late June on Tuesday, with
CBOT November 2021 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans rally as crop conditions drop, soyoil prices rise

Hot weather forecast for heart of Midwest farm belt

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Chicago | Reuters — U.S. soybean futures rallied on Tuesday on eroding Midwest crop conditions and improving export demand, and as soyoil prices rose another three per cent amid further gains in crude oil markets. Corn futures also climbed on deteriorating crop conditions across the heart of the farm belt. Wheat ended lower, though spillover
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Crops, Markets

Durum markets reckon with weather

'There was no wiggle room for a crop problem'

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MarketsFarm — The higher temperatures soared and the longer between rains in Western Canada, the lower the yield projections for most crops — and drought-tolerant durum wheat is no exception. With bids already elevated due to a downturn in potential new-crop supply, the price of durum could rise even higher. “There’s not a lot of
CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soybeans sink after Midwest rains

Wheat down on big Kansas crop outlook, export competition

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Reuters — U.S. corn and soybean futures fell on Monday as rains boosted recently planted crops across the U.S. Midwest and as traders weighed future export demand following a flurry of corn purchases by China last week. Wheat futures also fell, sinking to the lowest level in more than a month as prospects for a
CBOT March 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Markets could go higher after U.S. Thanksgiving

Ethanol data show demand for corn

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MarketsFarm — Just ahead of the Thanksgiving holiday in the United States, the Chicago Board of Trade was pulling back a little, generating double-digit losses in most wheat contracts, while corn and soybeans were down by smaller amounts. However, from Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., sits, the trend after Thanksgiving

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