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CBOT March 2023 corn with 20-, 30- and 50-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn up off three-week lows on technicals, Argentine drought

Wheat sinks to 15-month low on weak U.S. exports; soybeans also down

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Chicago | Reuters — U.S. corn futures ended mixed on Tuesday after a technical and bargain-buying bounce from three-week lows faded as dull demand for U.S. exports overshadowed concerns about Argentina’s drought-reduced harvest. Soybeans ended mostly lower while wheat fell to its lowest in 15 months on good global supplies and weak demand for U.S. […] Read more
A drone’s-eye view of crews repairing a levee, north of the Cosumnes River, after it was breached by heavy rains and flooded Sacramento County roads and properties near Wilton, just southeast of Sacramento, on Jan. 2, 2023. (Photo: Reuters/Fred Greaves)
General, Reuters, Weather

Another ‘atmospheric river’ storm renews flood threat in California

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Sacramento | Reuters — Emergency crews braced for the next bout of high winds and torrential rains forecast to sweep California starting on Wednesday, renewing the threat of power outages and flooding that struck parts of the state over the New Year’s weekend. The latest “atmospheric river” — an airborne current of dense moisture flowing […] Read more
A drone’s-eye view of crews repairing a levee, north of the Cosumnes River, after it was breached by heavy rains and flooded Sacramento County roads and properties near Wilton, just southeast of Sacramento, on Jan. 2, 2023. (Photo: Reuters/Fred Greaves)
General, Weather

Northern California deluge’s current rainfall level expected again

Flood risk to continue into next week

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MarketsFarm — While the deluge of rain over northern California took a day’s break on Tuesday, agricultural meteorologist Drew Lerner of World Weather Inc. said the heavy precipitation would soon resume. Following the worst drought in California history, the state has been receiving very intense precipitation that’s brought flooding to its northern areas. “It will […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans end higher

Traders weigh Argentine dryness, U.S. exports; winter wheat underpinned by fears of winterkill damage; corn up on export news

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Chicago | Reuters — Chicago soybean futures ended slightly higher on Tuesday after jumping to six-month highs earlier in the day, supported by continued dryness in major soymeal exporter Argentina. Corn lifted after U.S. exporters reported a daily sale of 177,500 tonnes of corn for delivery to Japan, the U.S. Department of Agriculture said. Wheat […] Read more
CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Freezing temperatures threaten winter wheat, lift prices

Forecasts of weekend rains in Argentina keep lid on soy, corn

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Chicago | Reuters — Chicago wheat futures climbed on Friday, gaining for a second consecutive week as frigid temperatures threaten winter wheat crops across the U.S. Plains and into the Midwest. Fresh export activity in soybeans and corn added support, though gains were limited by much-needed rainfall in Argentina that will boost the rival export […] Read more
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans ease on South American rainfall

Forecasts of freezing weather in U.S. Midwest support wheat; corn near even

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Chicago | Reuters — Chicago soybean futures dropped on Thursday, pressured by South American forecasts for more rain which could relieve parched soy crops in Argentina. Corn and wheat weakened, holding on to some of the previous day’s gains as extreme winter weather threatens winter wheat crops in the U.S. Plains and Midwest. The Chicago […] Read more
File photo of winter wheat plants in snow. (Volodymyr Shtun/iStock/Getty Images)
Crops, Markets, Weather, Winter Wheat

CBOT weekly outlook: U.S. winter wheat to feel the cold

Crop off to 'a really bad start'

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MarketsFarm — With frigid weather coming out of the Arctic, across the Canadian Prairies and into the U.S., there has been an upswing in wheat prices at the Chicago Board of Trade (CBOT). Prior to Christmas Day, temperatures are expected to fall as cold as -40 C in the northern Plains to below freezing in […] Read more
CBOT March 2023 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat climbs on winterkill worries

Corn, soy firm on South American dryness

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Chicago | Reuters — Chicago wheat futures climbed on Wednesday, as forecasts for temperatures well below freezing across the U.S. Midwest threatened winter crops heading into the holiday weekend. Corn and soybeans inched higher, supported by firmer wheat and weather conditions in South America. The most-active wheat contract on the Chicago Board of Trade (CBOT) […] Read more
(Photo courtesy Canada Beef Inc.)
General, Weather

Feds open up consultations for sustainable ag strategy

Producer groups to have reps on advisory committee

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The federal government has enlisted farm groups on the ground floor of consultations toward development of a long-term strategy to “amplify” the adoption and use of sustainable practices in agriculture over the next year. Agriculture Minister Marie-Claude Bibeau on Dec. 12 announced the launch of public consultations on strategy development, running from now through March […] Read more
(Mysticenergy/iStock/Getty Images)
General, Weather

Environment Canada sees ‘average’ Prairie winter ahead

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MarketsFarm — An ‘average’ winter is in the forecast for most of the Canadian Prairies, according to the latest long-range seasonal forecast for December through February from Environment Canada, released Wednesday. The government department is calling for normal temperatures across all the agricultural areas of the three Prairie provinces — aside from the northernmost reaches […] Read more

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