
Weather

U.S. forecaster says La Nina expected to develop in fall 2020
Reuters — A U.S. government weather forecaster on Thursday forecast the development of a La Nina pattern during the August-October season, which is expected to persist through the remainder of 2020. There is about 50-55 per cent chance of La Nina developing during the Northern Hemisphere fall, with a 50 per cent chance it will […] Read more

CBOT weekly outlook: Trade looks to weather for support
MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more

Prairie summer weather patterns to hold for now
MarketsFarm — No major changes in the current weather patterns on the Prairies are expected at this time, according to a pair of weather experts. So far this summer, the region’s weather has been highlighted by warmer and generally drier conditions in the eastern Prairies, while the western portion has been cooler with a great […] Read more

U.S. grains: Soybeans hit four-month high on hot, dry weather
CBOT corn futures near 3-1/2-month peak
Chicago | Reuters — U.S. corn and soybean futures rose on Monday as expectations for unfavourably hot, dry weather increased concerns over the crops, after the federal government said last week that U.S. farmers planted fewer acres than expected. Soybeans touched a four-month high and corn traded near last week’s 3-1/2-month peak as the markets […] Read more

U.S. grains: Corn continues upward on USDA acreage data, weather worries
Wheat, soy also firm on lower-than-expected USDA acreage; traders eye forecasts for warm, dry Midwest weather
Chicago | Reuters — U.S. corn futures extended a rally on Wednesday to their highest in more than three months after a steeper-than-expected reduction to the U.S. government’s 2020 corn acreage estimate, analysts said. Soybeans and wheat gained after the U.S. Department of Agriculture’s acreage report on Tuesday also showed smaller-than-expected plantings of the grains. […] Read more

Attention turns to yield potential after StatsCan report
Future tweaks to acreage numbers seen as unlikely to sway markets
MarketsFarm — Updated acreage estimates from Statistics Canada came largely within market expectations, with the focus now shifting to growing conditions and yield potential. The survey was completed in early June “and may not have captured all of the seeding delays and potential shifts that may have happened in central/northern Alberta and northwestern Saskatchewan because […] Read more

StatsCan survey shows bump up in wheat acres, particularly durum
Farmers back off canola, soybeans; pandemic expected to cause other problems for ag
Ottawa | Reuters — Canadian farmers planted slightly more wheat overall in 2020 than in 2019, but the coronavirus outbreak will pose “unique challenges” in the production and distribution of crops, Statistics Canada said on Monday. Farmers planted 25 million acres of wheat, up 1.5 per cent from 2019, thanks in part to a 16.2 […] Read more

Canola area expected to be lower in Monday’s StatsCan report
Later-seeded areas expected to add pulse, barley, durum acres
MarketsFarm — Market participants generally expect canola acreage will be revised downward in a second acreage estimate due out Monday from Statistics Canada. “There’s a lot of uncertainty about canola acres,” Ken Ball of P.I. International in Winnipeg said, noting acreage was “definitely lost” in central and northern Alberta due to wet spring conditions. In […] Read more

U.S. grains: Corn, soybeans sink on Midwest weather
Wheat plunges on technical selling, harvest pressure
Chicago | Reuters — U.S. corn and soybean futures fell for a fifth straight session on Friday on crop boosting rains across the Midwest and positioning ahead of government reports on U.S. plantings and stocks due next week. Wheat futures tumbled to contract lows, with soft red winter wheat hitting its lowest in nearly 10 […] Read more
U.S. grains: Corn drops to six-week low
Chicago | Reuters — U.S. corn futures tumbled to the lowest in six weeks on Thursday and soybeans fell for a fourth straight day as forecasts for crop boosting rains across the U.S. Midwest reinforced prospects for bumper crops this year. Technical selling as futures fell below recent lows added pressure, sending some new-crop corn […] Read more