Weather News
Feed weekly outlook: Spring weather may swing Prairie feed markets
March 22, 2019
MarketsFarm — Weather conditions have the potential to swing feed grain markets in Western Canada over the next few weeks, although prices generally remain steady for the time being. “Spring is here, and as the snow melts it creates mud, road bans and all that lovely stuff,” said Brandon Motz […]
Grain markets walled off from flood impacts by mountains of supplies
March 22, 2019
Chicago | Reuters — A massive supply of grains has shielded the futures markets from the impact of flooding in the U.S. Midwest so far, with traders largely shrugging off this week’s reports of destroyed storage bins, swamped elevators and questions about if waters will recede in time for planting. […]
Today’s precipitation
March 22, 2019
Data and maps from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the WeatherFarm mobile app, available for iPhone and Android devices. To learn more about the […]
Midwest’s catastrophic floods cause widespread damage
March 19, 2019
BROWNVILLE, Neb., (Reuters) – Severe flooding caused by rainfall and melting snow devastated farms and towns in Nebraska and Iowa on Tuesday, leaving at least four people dead and causing hundreds of millions of dollars in damage, with waters yet to crest in parts of the region for several days. The floods inundated stretches of […] Read more
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Taking a rain check: Australian farmers shun fertilizer purchases as drought lingers
March 19, 2019
SYDNEY, (Reuters) – Australian farmers are postponing buying fertilizer and other products they typically use to protect their crops as a drought across the country’s east coast darkens the outlook for the rural sector in one of the world’s top exporters of grains. Australia is the world’s sixth largest canola producer. Farmers usually begin sowing […] Read more
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Southern Man. on alert for spring flooding
March 14, 2019
If there is a blizzard in March or spring rains combined with a fast melt, there is a genuine risk of major flooding this year in southern Manitoba. The Manitoba government and the United States National Weather Service have both predicted increased risk of flooding on the Red River in 2019. If weather conditions are […] Read more
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Ag News
Canola fund short position continues to grow
March 22, 2019
MarketsFarm — Fund traders remained on the short side in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed […]
U.S. grains: Corn up on China buying, flood worries
March 22, 2019
Chicago | Reuters — U.S. corn futures rose to a 3-1/2-week high on Friday as China booked its largest purchase of the grain in more than five years and as flooding in the western U.S. Midwest raised concerns over spring planting. Technical selling and profit-taking later pulled corn from the […]
U.S. livestock: Lean hogs notch fresh contract highs on export hopes
March 22, 2019
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to contract highs for a third straight session on Friday on hopes for strong demand from China before easing from those peaks on profit-taking and technical selling, traders said. China is expected to be in the market for imported […]
China’s action send canola down
March 22, 2019
WINNIPEG – ICE Futures canola contracts were weaker significantly the end of trading on Friday, due to comments from the Canola Council of Canada. The council issued a press release on Thursday after the markets closed, which said China had ceased purchasing canola from Canada. While previous contracts were being fulfilled, all new sales to […] Read more
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Canola fund short position continues to grow: report
March 22, 2019
Winnipeg – Fund traders remained on the short side in the ICE Futures canola market during the week ended March 19, adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and […] Read more
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Ag Canada predicts sharp increase in canola carryout
March 21, 2019
Winnipeg – Canadian canola stocks at the end of both the current 2018/19 (Aug/Jul) crop year and the upcoming 2019/20 crop year are forecast to be much larger than earlier projections, according to updated supply/demand tables from Agriculture and Agri-Food Canada released March 21. The agency forecasts canola ending stocks for the current 2018/19 marketing […] Read more
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