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The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Corn, Markets, Soybeans

CBOT weekly update: Dry conditions, war propel prices upward

Rally may push well into the week of July 24 and perhaps further: broker

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MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher.  Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Flax production to drop with fewer acres, dry conditions

'Prices are definitely going to be climbing'

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MarketsFarm — As with other crops on the Canadian Prairies, flax has been struggling with the hot and dry conditions across the region. That said, Scott Shiels of Grain Millers Canada at Yorkton, Sask. noted there’s very little doubt when it comes to flax prices increasing during the course of 2023. Presently, old-crop flax was […] Read more
File photo of beluga whales in Hudson Bay off Churchill, Manitoba. (Lynn_Bystrom/iStock/Getty Images)
General, Weather

Prairie Forecast: Large Hudson Bay low dominates

Forecast issued July 12, covering July 12-19

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As the weather models correctly predicted, a large and extremely strong area of low pressure formed over Hudson Bay during the last forecast period, bringing the expected cool and unsettled weather to the eastern half of the Prairies. Over the western half of the Prairies a weak upper-level ridging brought, for the most part, sunny […] Read more
Forecast probability of temperatures above, below and/or near normal for the period from July through September 2023, based on three equiprobable categories from 1991-2020 climatology. (Weather.gc.ca)
Crops, Weather

Dry, hot Canadian summer expected

Normal precip expected for Ontario, Quebec

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MarketsFarm — Warmer-than-normal temperatures are expected across all of Canada for the next three months, with average precipitation in most of the agricultural areas of the Prairies. That’s according to the latest long-range seasonal forecast from Environment Canada, released Friday. The government department calls for a 50-70 per cent chance of above-normal temperatures from July […] Read more
(Photo courtesy Canada Beef Inc.)
General, Weather

Saskatchewan drainage work rebates expanded to farmers

Channel clearing, drain maintenance program shares eligible costs

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A program to help rural Saskatchewan municipalities and local authorities cover costs of channel clearing and maintaining drains for flood prevention will now expand to include individual landowners. The province’s Water Security Agency (WSA) said Friday its $1 million cost-share rebate program will expand its eligibility beyond RMs, conservation and development area (C+D) authorities and […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy slide as Midwest rain outlook improves

Wheat drops on Russia production outlook

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Chicago | Reuters — U.S. new-crop corn and soybean futures fell on Tuesday to their lowest in more than a week, pressured by forecasts for much-needed rains in the Midwest where crops have been deteriorating under dry conditions, analysts said. Wheat futures tumbled more than five per cent as worries subsided about political instability in […] Read more

Canadian Cattlemen Presents: Depth of Field

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