It’s a variable soil moisture picture on the Prairies as seeding season draws nearer. The east has enough moisture — and in some cases too much. And it gets progressively drier toward the west, with portions of Alberta nearing critical condition, according to one weather watcher. Bruce Burnett, weather and markets director for the MarketsFarm […] Read more
Tag Archives drought — page 7
Prairie soil moisture picture growing clearer
Alberta driest; Saskatchewan variable; Manitoba mostly OK
Vast tracts of drought-hit Argentine soy fields seen going unharvested
Yet more cuts to production possible
Buenos Aires | Reuters — Argentina’s Buenos Aires grains exchange on Thursday said farmers would likely leave large tracts of soy fields unharvested due to damage from a historic drought, which could lead to more cuts to its 25 million-tonne production forecast. Argentina is the world’s top exporter of soybean oil and meal, but its […] Read more
U.S. forecaster sees 62 per cent chance of El Nino developing during May-July
Argentina, parts of U.S. could benefit; Asian crops may not
Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore, […] Read more
Argentina soybeans go from ‘worse to worser,’ expert says
Heatwave now crisping early-planted crops
MarketsFarm — Extreme heat and drought throughout most of Argentina have taken a huge toll on that country’s soybean crop. Dr. Michael Cordonnier of Soybean and Corn Advisor said the forthcoming soybean harvest is now likely to produce 25 million to 30 million tonnes, a far cry from the 40 million to 45 million tonnes […] Read more
Canola crush of 2022 smallest in five years
Meanwhile, soybean crush rose on the year
MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021 […] Read more
CBOT weekly outlook: It still comes down to South America
Continent's soy situation conflicting
MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because […] Read more
Crop, livestock prices offset reduced marketings in 2022
StatCan data on farm cash receipts tracks recovery off 2021 drought
New full-year data on Canada’s farm cash receipts in calendar 2022 show how increased commodity prices last year more than offset the drop in quantities sold. Statistics Canada on Tuesday released figures showing Canadian farm cash receipts in 2022 at $94.9 billion, up 14.1 per cent from 2021, including crop receipts of $53.9 billion (also […] Read more
Revisions possible for Argentina corn, wheat carryouts
USDA attache has eyes on drought conditions
MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of […] Read more
U.S. grains: Soybean futures climb as soymeal soars
Chicago corn retreats, wheat inches higher
Chicago | Reuters — U.S. soybean futures rose on Thursday as uncertainty about crop prospects in Argentina lifted soymeal futures to life-of-contract highs, traders said. Corn futures fell on technical selling and a bounce in the U.S. dollar, which tends to make U.S. grains less competitive globally, although U.S. corn export sales in the latest […] Read more
U.S. beef cow herd falls to lowest level since 1962, USDA says
Last year saw record cull, Rabobank reports
Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather reduced the amount of pasture […] Read more
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