Insights and Stories on Drought

Jul. 21, 2023 at 1:30 pm CDT

Beijing | Reuters – Recent rainfall in China’s northeastern breadbasket has relieved drought across most of the region, an agriculture ministry official said Friday, but risks remain with the El Nino weather pattern potentially bringing more extreme weather this summer. China is the world’s second-biggest corn producer and about 40 […]

By Andrew Hayley, Qin Ningwei

Jul. 20, 2023 at 1:50 pm CDT

MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion […]

By Sean Pratt

Jul. 13, 2023 at 7:55 pm CDT

MarketsFarm — As dry conditions continued to take root across much of the Canadian Prairies, feed grain prices have for the most part been climbing, according to Susanne Leclerc of Market Master Ltd. in Edmonton. “The futures are coming up on quite a few commodities, so the prices have been […]

By Glen Hallick - MarketsFarm

Jul. 10, 2023 at 7:57 pm CDT

MarketsFarm — In a stretch from the Atlantic to the Pacific Oceans, a wide swath of Canada was contending with dryness, according to the latest report from the Canadian Drought Monitor. As of June 30, about 60 per cent of the country was abnormally dry to being in a moderate […]

By MarketsFarm

Jun. 15, 2023 at 5:55 pm CDT

Chicago | Reuters — U.S. corn futures hit their highest levels in nearly two months and soybeans hit a one-month high on Thursday as forecasts for continued dry weather in portions of the Midwest crop belt raised concerns about yield prospects, analysts said. Chicago Board of Trade (CBOT) wheat futures […]

By Julie Ingwersen