Insights and Stories on Weather

Corn and soybeans pull back from peaks

Jul. 23, 2012 at 4:46 pm CDT

U.S. corn slid more than 1 per cent from record highs on Monday and soy tumbled more than 3 per cent from its peaks, due to forecasts for rain in drought-plagued U.S. crop regions, tumbling equities and a stronger dollar. "Forecasts are a little wetter than they were last week, […]

U.S. grain prices set records, more searing heat in forecast

Jul. 20, 2012 at 11:24 pm CDT

By Martinne Geller Sam Nelson

Argentine exchange trims wheat view

Jul. 19, 2012 at 6:19 pm CDT

By Hugh Bronstein

U.S. corn, soy hit record highs, stir food crisis fear

Jul. 19, 2012 at 6:10 pm CDT

By kt-arasu

‘Excellent’ crop development seen in Alta.

Jul. 19, 2012 at 8:49 am CDT

By Dwayne Klassen

U.S. soybeans rally to record high as drought fears mount

Jul. 18, 2012 at 5:11 pm CDT

U.S. soybeans rallied to a record high Wednesday on fears that the worst drought in 56 years, which has devastated the corn crop, will now turn on soybeans as forecasts called for continued hot and dry weather. Corn extended gains to within striking distance of a record $8 per bushel, […]

By kt-arasu

USDA’s Vilsack warns on food prices, prays for rain

Jul. 18, 2012 at 4:52 pm CDT

U.S. Agriculture Secretary Tom Vilsack said he was on his knees every day, praying for rain in the Midwest, where a prolonged drought is withering crops in the fields and will likely push up food prices later this year and next. Vilsack urged Congress to work with the Obama administration […]

By russell-blinch

Russia deputy PM sees no need for grain export limits

Jul. 17, 2012 at 7:45 pm CDT

Russia has no grounds to ban grain exports this year, a senior government official said Tuesday as a top analyst said drought damage and low stocks could slash Russian wheat exports to just 10 million tonnes. A newly formed commission on food security is due to meet on Wednesday under […]

By darya-korsunskaya Melissa Akin

U.S. corn ends flat, but tracks $8 amid drought

Jul. 17, 2012 at 7:39 pm CDT

Corn futures ended flat on Tuesday as investors took profits after updated forecasts raised the chance of rain in the eastern U.S. Midwest, but an expanding drought in the world’s top grain exporter kept the market on a bullish track. Calls for upwards of an inch to 1-1/2 inches of […]

By kt-arasu

Mosaic doesn’t expect U.S. drought to dent sales

Jul. 17, 2012 at 4:18 pm CDT

The drought devastating the U.S. corn crop likely won’t dent fertilizer sales, Mosaic Co. said on Tuesday as it reported better-than-expected quarterly results. The results and bullish forecast helped push the company’s stock up 4.2 per cent in midday trading. Drought is affecting about 55 per cent of the contiguous […]

By ernest-scheyder