Weather News
Today’s precipitation
July 23, 2019
Data 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 CoCoRaHS system […]
Indonesia plans cloud seeding effort to avoid crop failure
July 22, 2019
Jakarta | Reuters – Indonesia is preparing to carry out cloud seeding in an effort to trigger rainfall to prevent harvest failure and forest fire, the disaster mitigation agency’s spokesman said on Monday. The agency’s data shows that on July 22 about 20,269 hectares of agricultural land were at risk […]
Ag ministers aim for AgriStability upgrades for 2020
July 22, 2019
Coming out of their meeting in Quebec City, Canada’s federal, provincial and territorial ministers for agriculture say they plan to meet again before year’s end to see about improving the AgriStability program for 2020. In a statement Friday, the ministers said they discussed “adjustments that could improve existing (business risk […]
Heat, shorts and covering raises crops
July 19, 2019
Canola rose on American soybean trades as the market in Chicago appeared to be busy covering short positions on the big oilseed. Combined with hot and dry weather in the region and the coming forecasts for the Midwest soybeans were up 20.25 US cents per bushel for August, September and November contracts. Soybeans finished the […] Read more
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Normal frost dates threaten delayed crops
July 18, 2019
Weather is running the North American commodity markets for now, as current supply and demand takes the backseat and farmers plan for a normal fall progression. “The markets will look to the weather every week now,” says Arlan Suderman, chief commodities economist at brokerage INTL FCStone. The U.S. National Oceanic and Atmospheric Administration declared the […] Read more
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El Nino dies and births higher prices
July 12, 2019
Weather is running the markets. With the WASDE out of the way for July, a hotter, drier forecast for the American Midwest send grain traders into a bullish stance, and prices rose for the end of the week. The United States National Oceanic and Atmospheric Administration declared El Nino dead this morning. Their Australian counterparts […] Read more
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Ag News
U.S. grains: Futures drop as hopes of Chinese buying spree fizzle
July 22, 2019
Chicago | Reuters – Chicago corn and soybean futures dropped sharply on Monday as hopes of Chinese buying fizzled and forecasts of cooler weather in the U.S. Midwest eased concerns about crop yield losses. Wheat prices also were lower, pressured by bigger European yields, traders said. September corn futures on […]
U.S. livestock: Cattle futures rally on corn futures slump
July 22, 2019
Chicago | Reuters – Chicago Mercantile Exchange (CME) feeder cattle futures inched upward on Monday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. Meanwhile, lean hog futures faced choppy trading on Monday as the market wrestles with continued expectations for – […]
Livestock producers receive tax relief for 2019
July 22, 2019
Drought in Western Canada and Quebec has prompted the federal government to release an initial list of regions eligible for livestock tax deferrals. The livestock tax deferral provision allows livestock producers in prescribed drought, flood or excess moisture regions to defer a portion of their 2019 sale proceeds of breeding […]
India set for record edible oil imports as scanty rains trim output
July 22, 2019
MUMBAI, (Reuters) – India’s edible oil imports are likely to rise 7.3 percent in 2019/20 to a record high as weak monsoon rains curtail yields of summer-sown oilseeds such as soybeans and groundnut, a senior industry official said. Higher purchases by the world’s biggest edible oil importer could support palm oil prices that are under […] Read more
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India’s summer crop planting down nearly 7%
July 22, 2019
NEW DELHI, (Reuters) – Indian farmers planted an array of summer-sown crops on 56.7 million hectares, down 6.9 percent year on year, agriculture ministry data showed on Friday, narrowing the sowing gap estimate from the previous week. Farmers start planting rice, corn, cotton, soybeans, sugarcane and peanuts among other crops from June 1, when monsoon rains are […] Read more
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Brazil soybeans lose protein, China sales at risk
July 22, 2019
SAO PAULO, (Reuters) – The protein content in Brazilian soybeans fell for the first time in four harvests in 2018, according to preliminary government data, a development that has already cost Brazilian companies business with top buyer China. Declining protein levels in Brazil, the world’s top soybean supplier, spell trouble for exporters who are faced […] Read more
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