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Tag Archives flooding — page 3

Nutrien expects U.S. farmers to plant as many as 95 million acres of corn in 2020. Photo: File/Greg Berg

Nutrien sees big corn comeback in 2020, following U.S. floods

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Winnipeg | Reuters – Fertilizer producer and farm supply dealer Nutrien Ltd expects U.S. farmers to plant as many as 95 million acres (38.5 million hectares) of corn next year, the most in seven years, after a frustrating year of floods, its chief executive said. The wet conditions left millions of acres unplanted across the […] Read more
(File photo by Dave Bedard)
Markets

Cargill quarterly profit drops on trade tensions, U.S. floods

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Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more
CBOT September 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn posts steepest drop in three years on USDA acreage view

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Chicago | Reuters — U.S. corn futures plunged by the most in nearly three years on Friday after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. Soybeans firmed on USDA’s smaller-than-expected acreage estimate, while wheat fell in tandem with plummeting […] Read more
A grain storage bin near Pacific Junction, Iowa burst during this spring’s flooding.
News

U.S. fund managers adjust investment advice in light of extreme weather events

It’s a tricky business modelling how weather will affect farmers’ spending

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New York | Reuters – After historic floods devastated Midwestern U.S. agricultural states this spring, some fund managers are evaluating how changes in weather and climate will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers […] Read more
A flooded parcel of land along the Platte River is pictured in the aerial photograph at La Platte, south of Omaha, Nebraska on March 19.
News

U.S. disaster aid won’t cover crops drowned by Midwest floods

There is no mechanism to compensate farmers for grain damaged in storage

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Reuters – The Black Hawk military helicopter flew over Iowa, giving a senior U.S. agriculture official and U.S. senator an eyeful of the flood damage below, where yellow corn from ruptured metal silos spilled out into the muddy water. And there’s nothing the U.S. government can do about the millions of bushels of damaged crops […] Read more
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Crops, Markets

CBOT weekly outlook: Currency, swine fever weigh on prices

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MarketsFarm — A strong U.S. dollar and China’s prolonged battle with African swine fever have turned Chicago Board of Trade markets largely bearish. “We’re seeing a slew of positive [economic] news out of the U.S., and a rallying dollar that has been strong for four out of five sessions,” said Terry Reilly, a grains analyst […] Read more
Severe flooding in the U.S. Midwest may weigh on plantable acreage this spring for producers such as Justin Mensik, a corn and soybean grower shown here March 22, 2019 at his farm at Morse Bluff, Neb., about 70 km west of Omaha. (Photo: Reuters/Humeyra Pamuk)
Crops

USDA won’t survey for volume of grain lost to March floods

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Chicago | Reuters — The U.S. Department of Agriculture’s statistical arm will not collect data on the volume of harvested grain lost when farms from the Dakotas to Missouri were hit by flooding in March that burst grain storage bins, a government official said on Tuesday. However, figures in USDA’s regular quarterly stocks report for […] Read more

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