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CBOT March 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans, corn slump on record USDA acreage projections

Wheat gains on harsh U.S. cold, surging European wheat

By ,
Chicago | Reuters — Corn and soybean futures retreated on Thursday after the U.S. Department of Agriculture (USDA) projected that U.S. farmers would devote more acres to the two crops this spring than any year on record. U.S. wheat futures, meanwhile, climbed to the highest level in 2-1/2 weeks on rallying European wheat prices, a
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Live cattle futures dip on slaughter delays

Lower supply expectations support hog futures

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Chicago | Reuters — U.S. live cattle futures fell on Thursday as short-term processing delays caused by power outages and frigid weather backed up cattle and softened cash prices, traders said. Chicago Mercantile Exchange April live cattle futures settled down 1.225 cents at 122.925 cents/lb., while the spot February contract ended 0.175 cents lower at
Weather Vane by Daniel Bezte
Other, Weather, Weather Vane

Forecast: Cold snap slowly coming to an end

Covering the period from February 17 to February 24

By
The weather models did a heck of a job with last issue’s forecast as we saw the upper low drop southward into our region as predicted, bringing the sunny skies and cold, cold temperatures. Temperatures ended up being even colder than expected, but the light winds did materialize which made the cold temperatures a little
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Live cattle futures mostly firm on wintry Plains weather

April hogs stay within Friday's range

By ,
Chicago | Reuters — U.S. live cattle futures closed mostly higher on Tuesday as frigid conditions gripped the U.S. Plains and Midwest, limiting the movement of animals into meat plants and threatening to reduce cattle weights, traders said. However, rallies were limited as wintry weather and power outages prompted meat-packing plants to slow the slaughter
K.C. April 2021 hard red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Weather worries push wheat futures higher

Soybeans firm, corn slips

By ,
Chicago | Reuters — U.S. wheat futures rose on Friday, supported by concerns that arctic temperatures in key growing areas could damage the dormant crop during the weekend, traders said. “Cold temperatures, chiefly domestically, lesser so abroad, will keep the wheat trade watching winterkill prospects over the weekend,” Matt Zeller, director of market information at
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Weather

U.S. livestock: Cattle futures rally

Cold U.S. weather in focus

By ,
Chicago | Reuters — U.S. cattle futures rallied on Friday, supported by cold weather in the United States that was making it hard to put weight on animals. “Weather remains front and center for cattle producers, bitter cold temps will be with us through the weekend and also some sizable snow totals in the southeast
Weather Vane by Daniel Bezte
Other, Weather, Weather Vane

Forecast: Arctic air establishes itself

Covering the period from February 10 to February 17

By
Well, like most snow-producing systems so far this winter, the forecasted Colorado low never really developed last week. We did see a weak storm system move through last Thursday, bringing a light dumping of between five and eight cm of snow across a large portion of southern and central Manitoba. This storm system was then
The CFS weather model calls for near-average precipitation in February on the Prairies — outside of southern Alberta and Saskatchewan, that is.
Other, Weather

Reflections on a warm and dry January

The CanSIPS model calls for near- to slightly above-average temperatures for February

By
I don’t know about you, but the first month of 2021 seemed to go by in a blink; maybe it had to do with all the warm weather. Unless you literally stayed inside for all of January there was no way you couldn’t conclude it was a warm month. Even the cold weather that moved
Weather Vane by Daniel Bezte
Weather, Weather Vane

Forecast: Cold weather pattern trying to re-establish itself

Covering the period from February 3 to February 10

By
The weather models got the basic pattern correct during the last forecast period, but some of the details were off and, as I have pointed out more than once, the devil is in the details. Cold air built in a little earlier than expected and pushed a little farther south, resulting in colder-than-forecasted temperatures. Luckily,

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