Weather News
Heavy North Dakota snows threaten wheat seeding
March 25, 2019
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 […]
ADM says U.S. floods to cut into Q1 operating profit
March 25, 2019
Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota […]
Today’s precipitation
March 25, 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
Grain trade regional tie-ups seen more likely over mega-deals
March 25, 2019
Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as […]
U.S. grains: Wheat rises on short-covering, planting worries
March 25, 2019
New York | Reuters — U.S. wheat futures gained on Monday, lifted by short-covering and technical buying, as well as concerns about North American production as weather in the Midwest threatened to delay planting. Corn prices also rose, extending gains into a fourth session, while soybean futures firmed. The May […]
U.S. livestock: Live cattle tumble on bearish USDA data
March 25, 2019
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key […]
Canola finishes up; wheat stronger
March 25, 2019
WINNIPEG – Canola finished the day higher, despite soft news details on where the Chinese market is on oilseeds, including Canadian ones. March canola fished the day on ICE at $457.30, up $3.40 per tonne, followed by July up $3.10 to $465.60 and November up $3.80 to $478.60. March 2020 marched in, up $6.70 on […] Read more
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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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