Insights and Stories on Drought

Jun. 23, 2021 at 7:45 pm CDT

Chicago | Reuters — U.S. wheat futures rose on Wednesday, led by gains in MGEX spring wheat contracts that firmed on concerns that dry conditions in key growing areas of the northern U.S. Plains and Canada could limit the size of the harvests. Soybean futures were lower as improving crop […]

By Mark Weinraub

Jun. 23, 2021 at 2:57 pm CDT

MarketsFarm — Hot, dry growing conditions in key spring wheat-growing regions of the northern U.S. and Canadian Prairies have seen Minneapolis (MGEX) spring wheat futures widen their spread over Chicago and Kansas City winter wheat contracts over the past few weeks — with additional strength likely given the current weather […]

By Phil Franz-Warkentin

Jun. 18, 2021 at 8:20 pm CDT

[UPDATED: June 22, 2021] MarketsFarm — Western Canada’s canola crop has been hit hard by hot, dry weather so far this growing season in the midst of ongoing drought conditions — which may also be aiding another threat. *Across the Prairies, flea beetles are an oft-seen pest that feeds on […]

By Adam Peleshaty

Jun. 16, 2021 at 6:53 pm CDT

MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing […]

By Adam Peleshaty

Jun. 16, 2021 at 6:41 pm CDT

MarketsFarm — The weather is just one of the factors guiding futures values at the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. As prices have fluctuated with hot and dry weather interrupted by rain, Reilly noted there’s more to the ebbs […]

By Glen Hallick - MarketsFarm