Cattle receive supplemented feed at the Myhre farm near Crane River, Man.

2022 a series of unanticipated swings

YEAR IN REVIEW: From famine-to-flood moisture and derailed supply chains, there was plenty of volatility to go around

If last year was the bomb dropping, this year saw the aftermath. Farmers started the year by coming off one of the worst and widespread droughts in decades. For younger producers who weren’t farming in the 1980s, it was probably the worst drought they’ve ever seen. There were heartbreaking stories of herd dispersals, feed shortages

Drought hits Brazil corn in key southern state

Reuters – A drought is compromising corn fields in Brazil’s Rio Grande do Sul state, which is now expected to produce 4.51 million tonnes of the cereal, according to a forecast by StoneX on Dec. 15. The revised output figure is less than a previously forecast 5.38 million tonnes of corn production for the state


Farmer Ignacio Bastanchuri, 65, sips a drink as he walks past a cow that died from drought at a farm in Navarro, Argentina, Dec. 5.

Arid wheat fields and dead cows

A snapshot of Argentina’s worst drought in decades reveals grim picture

Reuters – In the fields around the town of Navarro, in Argentina’s Pampas farm belt, the dried-out bed of a huge lagoon and decaying bodies of dead cattle are stark signs of a historic drought that is hammering crops and farmers like Ignacio Bastanchuri. Some 100 kilometres west of capital Buenos Aires, Navarro is one

CBOT January 2023 soybeans with Bollinger bands (20,2). (Barchart)

U.S. grains: Soybeans end higher with South America in focus

Wheat even; supplies from Black Sea region weigh against U.S. cold snap

Chicago | Reuters — Chicago soybean futures added on Tuesday as traders watched South American weather, though prices could not break above resistance around US$15 a bushel. “We’re at a key level that’s stopped this market several times,” said Kristi Van Ahn-Kjeseth, chief operating officer at consulting firm Van Ahn and Co. “You get to


CBOT January 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Rains in drought-hit Argentina pressure CBOT futures

Recession fears add pressure to markets, analysts say

Chicago | Reuters — Chicago Board of Trade grain and soybean futures slid on Monday after beneficial rains hit Argentina’s drought-stricken agricultural zone, analysts said. Argentina is the world’s leading exporter of processed soy, but its usually green Pampas plains have been hit by a historic drought that is preventing many farmers from planting their



(Medioimages/Photodisc/Getty Images)

CBOT weekly outlook: South America’s dry weather affecting soy complex

'We’re back to trading weather right now'

MarketsFarm — The U.S. Department of Agriculture’s world agricultural supply and demand estimates (WASDE) report last week is taking a back seat to drought concerns in South America, according to a Chicago grains analyst. Terry Reilly from Futures International said Friday’s WASDE report had very little effect on the Chicago Board of Trade (CBOT), which

The SWOT spacecraft is moved into a transport container inside the Astrotech facility at Vandenberg Space Force Base on Nov. 18, 2022. (Photo: USSF 30th Space Wing/Chris Okula)

NASA to conduct first global water survey from space

Data would bolster weather and climate forecasts

Los Angeles | Reuters — A NASA-led international satellite mission was set for blastoff from southern California early on Thursday on a major Earth science project to conduct a comprehensive survey of the world’s oceans, lakes and rivers for the first time. Dubbed SWOT, short for Surface Water and Ocean Topography, the advanced radar satellite


Since May 2022 estimate of Argentina’s wheat harvest, drought and frosts have hit the crop hard.

Argentina exchange warns more wheat cuts likely as yields disappoint

Argentina’s wheat production outlook is likely to face more cuts due to lower-than-expected yields, the Buenos Aires grains exchange said Dec. 1, as harvest advances in the midst of a prolonged drought. In a weekly crop report, the exchange said 2022-23 wheat production, which it estimates at 12.4 million tonnes, is showing “yields below expected”