Insights and Stories on Weather

Feb. 12, 2013 at 9:09 am CST

The seven-year-old U.S. agricultural boom, driven by record-high commodity prices and painfully tight supplies, is expected to peak this year and then come to an abrupt end as high costs start to bite, the government projected on Monday. The U.S. Agriculture Department said farm income would soar to a record […]

Feb. 12, 2013 at 1:11 am CST

Saskatchewan’s provincial crop insurance agency plans to reinsure itself against heavy claim years starting in 2013, a year in which the agency plans record-high per-acre coverage through a record-high budget. Saskatchewan Crop Insurance Corp. (SCIC) announced Monday it will, for the first time ever, buy private reinsurance — a move […]

Feb. 7, 2013 at 6:50 pm CST

U.S. corn fell for a fifth straight session on Thursday and hit a four-week low as Brazil’s government forecast a record-large harvest this year, suggesting U.S. exports would face another year of stiff competition from the world’s No. 2 supplier. Soybean futures rebounded from earlier declines after the U.S. Department […]

By Karl Plume

Feb. 5, 2013 at 4:22 pm CST

U.S. corn futures dropped for a third straight session on Tuesday because of sluggish demand and expectations for wetter weather in world No. 3 exporter Argentina. Soybean prices rebounded from an earlier profit-taking slump on technical buying and some concerns that the still-developing South American crop may shrink further if […]

By Karl Plume

Feb. 5, 2013 at 5:19 am CST

Wheat futures climbing up off their lows in late 2012 and early 2013, based mainly on the shape of the U.S. hard red winter wheat crop, have bumped up CWB’s winter PRO values. The former Canadian Wheat Board on Friday released an updated pool return outlook (PRO) for its 2012-13 […]