Insights and Stories on Weather

Aug. 21, 2013 at 5:06 pm CDT

ICE Futures Canada canola contracts moved higher during the week ended Aug. 21, seeing a further correction from the lows set earlier in the month as oversold price sentiment and gains in CBOT soybeans provided support. Canadian harvest operations are starting to move forward, and the expectations for a large […]

By Phil Franz-Warkentin

Aug. 21, 2013 at 4:41 pm CDT

Chicago Board of Trade (CBOT) soybean futures rose to a two-month high on Wednesday on forecasts for warmer and drier weather that poses a threat to the developing U.S. soybean crop. “Weather models turned drier and even warmer for next week, and that will cause further degradation of soybean conditions,” […]

By Sam Nelson

Aug. 21, 2013 at 11:25 am CDT

Canadian canola production will likely end up even larger in 2013-14 than the already record-high estimate from Statistics Canada in its first survey results of the year, according to industry participants. StatsCan on Wednesday pegged canola production in 2013-14 at a record 14.7 million tonnes, which would compare with 13.3 […]

By Phil Franz-Warkentin

Aug. 20, 2013 at 2:22 pm CDT

Chicago Board of Trade (CBOT) soybean futures eased on Tuesday after climbing to a two-month high in the previous session, with the market pressured by profit-taking and prospects for a big U.S. soybean harvest. Corn also sagged from a four-week peak on Monday, weighed down by a ProFarmer tour of […]

By Sam Nelson

Aug. 19, 2013 at 4:38 pm CDT

Production of Canada’s major grain and oilseed crops in 2013 is generally expected to show an improvement from the previous year, but the extent of the increase for each crop will depend on conditions over the latter half of the growing season. Statistics Canada releases its first survey-based production estimates […]

By Phil Franz-Warkentin