Insights and Stories on Drought

Argentina soybeans go from ‘worse to worser,’ expert says

Mar. 14, 2023 at 7:51 pm CDT

MarketsFarm — Extreme heat and drought throughout most of Argentina have taken a huge toll on that country’s soybean crop. Dr. Michael Cordonnier of Soybean and Corn Advisor said the forthcoming soybean harvest is now likely to produce 25 million to 30 million tonnes, a far cry from the 40 […]

Richardson canola oil on a bottling line.

Canola crush of 2022 smallest in five years

Mar. 13, 2023 at 3:44 pm CDT

By MarketsFarm

CBOT weekly outlook: It still comes down to South America

Mar. 1, 2023 at 6:35 pm CST

By Glen Hallick - MarketsFarm

Crop, livestock prices offset reduced marketings in 2022

Feb. 28, 2023 at 8:19 pm CST

By Dave Bedard

Revisions possible for Argentina corn, wheat carryouts

Feb. 13, 2023 at 7:31 pm CST

By MarketsFarm

U.S. grains: Soybean futures climb as soymeal soars

Feb. 2, 2023 at 7:28 pm CST

Chicago | Reuters — U.S. soybean futures rose on Thursday as uncertainty about crop prospects in Argentina lifted soymeal futures to life-of-contract highs, traders said. Corn futures fell on technical selling and a bounce in the U.S. dollar, which tends to make U.S. grains less competitive globally, although U.S. corn […]

By Julie Ingwersen

U.S. beef cow herd falls to lowest level since 1962, USDA says

Jan. 31, 2023 at 4:59 pm CST

Chicago | Reuters — The U.S. beef cow herd dropped to its lowest level since 1962, U.S. Department of Agriculture data showed on Tuesday, after a severe drought raised costs for livestock feed. Ranchers increasingly sent cows to slaughter last year, instead of keeping them to reproduce, as dry weather […]

By Tom Polansek

Saskatchewan holds Crown grazing rents at last year’s levels

Jan. 26, 2023 at 6:00 am CST

Cattle producers leasing Crown land for grazing in Saskatchewan won’t see a rate hike this year and may be eligible for a significant rate cut. The provincial government announced Wednesday it has frozen the rates charged to producers who lease Crown grazing land in 2023 at their 2022 level. The […]

By Dave Bedard

U.S. grains: Soy, corn slide on forecasts for much-needed Argentine rains

Jan. 19, 2023 at 7:05 pm CST

Chicago | Reuters — U.S. soybean futures fell on Thursday, retreating from seven-month highs set a day earlier as forecasts for beneficial rains in drought-hit Argentina sparked a round of selling, analysts said. Corn futures also declined on the outlook for Argentine weather along with wheat futures. Chicago Board of […]

By Julie Ingwersen

Storms to bring rain to parched Argentine fields next week, grains exchange says

Jan. 19, 2023 at 6:51 pm CST

Reuters — A storm front should bring moderate to abundant rainfall across most of Argentina’s key agricultural area over the next week, the Buenos Aires grains exchange said on Thursday, which could help farmers plant their fields after a historic drought. Lack of rainfall in Argentina, the world’s largest exporter […]

By Reuters

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