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Tag Archives Drought

(Richardson International video screengrab via YouTube)
Crops, Markets

Canola crush of 2022 smallest in five years

Meanwhile, soybean crush rose on the year

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MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021
A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)
Crops, Markets

CBOT weekly outlook: It still comes down to South America

Continent's soy situation conflicting

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MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because
Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Markets, Weather

Crop, livestock prices offset reduced marketings in 2022

StatCan data on farm cash receipts tracks recovery off 2021 drought

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New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also
File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets, Weather

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

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MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of
CBOT March 2023 soybeans with 20-day moving average (yellow line, right column) and CBOT March 2023 soymeal (brown line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybean futures climb as soymeal soars

Chicago corn retreats, wheat inches higher

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Chicago | Reuters — U.S. soybean futures rose on Thursday as uncertainty about crop prospects in Argentina lifted soymeal futures to life-of-contract highs, traders said. Corn futures fell on technical selling and a bounce in the U.S. dollar, which tends to make U.S. grains less competitive globally, although U.S. corn export sales in the latest
(RyanJLane/E+/Getty Images)
Beef cattle, Livestock

U.S. beef cow herd falls to lowest level since 1962, USDA says

Last year saw record cull, Rabobank reports

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Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount of pasture
File photo of a cow grazing near Leader, Sask., about 85 km south of Kindersley. (James_Gabbert/iStock/Getty Images)
Beef cattle, Weather

Saskatchewan holds Crown grazing rents at last year’s levels

Also, leaseholders on drought-downgraded land eligible for rate cut

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Cattle producers leasing Crown land for grazing in Saskatchewan won’t see a rate hike this year and may be eligible for a significant rate cut. The provincial government announced Wednesday it has frozen the rates charged to producers who lease Crown grazing land in 2023 at their 2022 level. The freeze will apply to all
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy, corn slide on forecasts for much-needed Argentine rains

New survey calls for expanded U.S. wheat acres

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Chicago | Reuters — U.S. soybean futures fell on Thursday, retreating from seven-month highs set a day earlier as forecasts for beneficial rains in drought-hit Argentina sparked a round of selling, analysts said. Corn futures also declined on the outlook for Argentine weather along with wheat futures. Chicago Board of Trade March soybeans settled down
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
A submerged and abandoned car is seen in floodwaters near a vineyard after winter storms at Forestville, California on Jan. 13, 2023. (Photo: Reuters/Fred Greaves)
Weather

California rainstorms fade as death toll reaches 20

Drought to remain an issue for much of state

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Reuters — The parade of atmospheric rivers that pounded California for three weeks finally faded on Monday, enabling the state to begin lengthy repairs to roads and levees as the White House announced U.S. President Joe Biden planned to survey the damage. The nine consecutive rainstorms that inundated California in succession since Dec. 26 killed

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