Favourable growing conditions in the past month led the European Union’s crop monitoring unit to raise its 2013 yield forecasts on Monday for the bloc’s main cereal harvests. The move was in keeping with upward revisions made by other forecasters this month after EU crops recovered from a damp, chilly spring that had hampered plant […] Read more
Big crops seen in Europe
CBOT wheat, corn, and soy end higher
U.S. wheat futures rose on Friday, supported by end-of-week short-covering as well as another export sale to China, traders said. • The benchmark Chicago Board of Trade September soft red winter wheat contract rose 3-1/4 cents to $6.63-3/4 a bushel. Prices peaked at $6.70, but ran into resistance at the 20-day moving average of $6.71-3/4, […] Read more
U.S. cattle placements fall in June amid lush pastures
The number of cattle placed in U.S. feedlots last month was down 5 per cent from a year earlier, a government report showed on Friday, which analysts attributed to healthy grazing pastures that kept cattle out of feedyards. The U.S. Department of Agriculture showed June placements at1.587 million head, compared with 1.664 million a year […] Read more
Cooler and damper outlook for pollinating U.S. corn crop
Cooler temperatures and occasional rainfall over the next week will boost U.S. corn and soybean crop prospects, according to Global Weather Monitoring (GWM). • GWM said the U.S. corn crop was void of any threats to pollination next week. • The U.S. corn crop is pollinating, or going through its reproductive stage of development, later […] Read more
Crop-friendly weather for U.S. Midwest into autumn: NOAA
Good crop weather is expected now through autumn in the U.S. Midwest, drought will persist in the Plains states and excessive rainfall will continue in the southeast, according to the National Oceanic and Atmospheric (NOAA) climate update released on Thursday. NOAA climatologists indicated no extreme temperatures or a return of drought in the key corn […] Read more
Saskatchewan crops in good shape despite storm damage
Crops in Saskatchewan were in mostly good to excellent shape as of July 15 although storms had caused serious damage, the province said on Thursday in its weekly crop report. • Percentage of crop in good/excellent condition: spring wheat 86 per cent; durum 88 per cent; oats 86 per cent; barley 81 per cent; canola […] Read more
Soybeans rise for 3rd session on weather-damage fears
U.S. new-crop soybeans rose for the third day on Wednesday on fears hot weather could damage the harvest, despite forecasts saying temperatures could cool slightly. Fundamentals * Chicago Board of Trade November soybeans rose 0.16 percent to $12.88-1/4 a bushel, having firmed 1.8 percent on Tuesday. * December corn climbed 0.29 percent to $5.12-1/4 a […] Read more
Oil exec says ethanol RINs ‘out of control,’ urges action
A leading U.S. oil executive urged legislators on Tuesday to relax a requirement to use renewable fuel in gasoline, blaming an “out of control” market in biofuel credits known as RINs for adding to fuel costs in a recent run-up in gasoline prices. At a Senate Energy Committee hearing, lawmakers sought answers for why a […] Read more
Mosaic to slow potash production
Mosaic Co will run its Canadian potash mines at less than 75 per cent of capacity collectively for maintenance in the current third quarter, as prices for the crop nutrient slip. The U.S. fertilizer company will curtail production at its Colonsay, Sask. mine, chief financial officer Larry Stranghoener said on Tuesday, adding that Mosaic may […] Read more
U.S. crop weather not picture-perfect, but pretty good
Corn and soybean growing weather in the U.S. Midwest this week will not be ideal, but overall it should be satisfactory in most key acreage areas, agricultural meteorologists said on Monday. • Global Weather Monitoring said the forecasts were not perfect for crop-growing conditions but it also will not be ultra hot or dry. • […] Read more
Canadian Cattlemen Presents: Depth of Field
