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Water vapour imagery from the U.S. National Oceanic and Atmospheric Administration’s GOES East satellite on April 10, 2019 shows a powerful late-season winter storm expected to bring heavy snow and high winds to parts of the north-central U.S. Plains and the upper Midwest. Bright blue and white areas indicate high water vapour or moisture content. (Satellite map courtesy NOAA)
Crops

Blizzard forces closure of some U.S. grain processors, elevators

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Chicago | Reuters — A second “bomb cyclone” blizzard hitting the United States was limiting the movement and processing of corn, soybeans and wheat around the Midwest and Plains on Thursday. Grain trader Cargill said it was closing three of its grain handling facilities in Minnesota, two in South Dakota and one in Nebraska on […] Read more
CBOT May 2019 wheat with Bollinger bands (20,2), a gauge of market volatility. (Barchart)
Crops, Markets

U.S. grains: Wheat edges lower on profit-taking

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New York | Reuters — U.S. wheat futures inched lower on Tuesday as investors took profits after prices hit a one-month high on U.S. export optimism and adverse weather in the United States that threatened to delay sowing. Soybean and corn futures fell on technical selling. Chicago Board of Trade May wheat dropped 1/4 cent […] Read more
File photo of a flooded North Dakota highway. (DLerick/E+/Getty Images)
Crops

Heavy North Dakota snows threaten wheat seeding

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Chicago | Reuters — A blanket of heavy, wet snow covering most of North Dakota, the top U.S. wheat state, threatens to delay planting of spring wheat in another blow to a U.S. farm belt already facing billions of dollars in damage from flooding. Farmers from Missouri to South Dakota have seen their corn and […] Read more
CBOT May 2019 soft red winter wheat, with MGEX May 2019 spring wheat in orange. (Barchart)
Crops, Markets

U.S. grains: Wheat ends higher on weather worries

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Chicago | Reuters — U.S. wheat futures rose nearly two per cent on Wednesday on poor weather in the Midwest soft winter wheat belt and the northern Plains spring wheat region, traders said. Soybean and corn futures closed modestly higher. Chicago Board of Trade May soft red winter wheat settled up 8-1/4 cents at $4.64-3/4 […] Read more
MGEX May 2019 spring wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, wheat drift lower on weak export demand

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Chicago | Reuters — U.S. corn and wheat futures closed nearly unchanged on Tuesday, with commodity funds reluctant to add to a heavy net short position despite pressure from slowing export demand for U.S. grains, analysts said. Soybean futures declined as traders awaited news from ongoing U.S. trade negotiations with China, the world’s top soybean […] Read more
A submerged bridge over the Red River in 2011. (IanChrisGraham/iStock/Getty Images)
Crops

Manitoba farmers unfazed by flood reports

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MarketsFarm — As experts forecast a spring flood to hit southern Manitoba, farmers in the Red River Valley won’t be caught off guard. Manitoba’s Emergency Measures Organization held flood preparedness seminars in Morris, Brandon, and Selkirk throughout the week of March 11. Topics covered included the forecast, flood outlook, preparedness and response and disaster financial […] Read more
(Dave Bedard photo)
Crops

Viterra buys up all of North Dakota grain terminal

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Viterra has bought up the other half of a U.S. joint-venture grain terminal the company helped build in its SaskPool days. The Regina-based grain handling arm of commodity firm Glencore announced Thursday it has closed a deal to buy U.S. food processor General Mills’ 50 per cent stake in the two companies’ grain terminal at […] Read more

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