Insights and Stories on Weather

ICE weekly outlook: Canola steady at midweek

Aug. 19, 2020 at 8:00 pm CDT

MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States […]

‘Lightning siege’ sparks wildfires across California wine country

Aug. 19, 2020 at 7:43 pm CDT

By Steven Lam

Storm and drought impacts on Iowa corn seen in crop tour

Aug. 19, 2020 at 6:31 pm CDT

By Mark Weinraub P.J. Huffstutter

U.S. grains: Soybeans touch seven-month high on export optimism

Aug. 19, 2020 at 4:53 pm CDT

By Christopher Walljasper

Trump visits Iowa as officials warn storm destroyed corn crops

Aug. 18, 2020 at 7:28 pm CDT

By Andrea Shalal

U.S. grains: Corn retreats from month high on clearer crop outlook

Aug. 18, 2020 at 6:40 pm CDT

Chicago | Reuters — U.S. corn futures ended lower on Tuesday after hitting a five-week high on Monday as higher yields estimated on an annual Midwest crop tour tempered concern about storm damage across the Corn Belt. Soybean futures declined but held near Monday’s multi-month high as concerns over dry […]

By Christopher Walljasper

U.S. grains: Soybeans near seven-month high as dryness threatens crop

Aug. 17, 2020 at 6:31 pm CDT

Chicago | Reuters — Chicago soybean futures rallied on Monday to a nearly seven-month high on reports of dry weather in the United States, while corn futures hit their highest in a month on fresh concerns over damage from a storm in Iowa a week ago. August has been one […]

By Christopher Walljasper

Churchill’s shipping season to start next month

Aug. 14, 2020 at 4:28 pm CDT

MarketsFarm — There won’t be any vessels laden with grains and pulses departing from the Port of Churchill until next month, according to Murad Al-Katib, CEO of AGT Foods in Regina. “We’re in the early days of harvest, so it would be very normal to expect the first vessels to […]

By Glen Hallick - MarketsFarm

Monday’s storm hit an estimated 37.7 million acres in U.S. Midwest

Aug. 14, 2020 at 3:57 pm CDT

Chicago | Reuters — A storm packing hurricane-force winds on Monday impacted 37.7 million acres of farmland across the Midwest, including 14 million in Iowa, the Iowa Soybean Association said on Friday, citing estimates from the U.S. Department of Agriculture. The toll from the derecho storm has worsened as farmers […]

By Tom Polansek

U.S. grains: Corn eases on profit-taking

Aug. 14, 2020 at 3:51 pm CDT

Chicago | Reuters — Chicago corn inched slightly lower on Friday, as traders questioned federal acreage data and assessed the extent of storm damage in the U.S. Midwest. Prices slipped early in the day, after a rally in the previous session pushed corn futures to a four-week high. Soybeans also […]

By P.J. Huffstutter