Insights and Stories on Weather

Jul. 8, 2021 at 4:32 pm CDT

Chicago | Reuters — Chicago soybean futures ended lower on Thursday, pressured by cool, rainy forecasts across the U.S. growing belt, though dryness in the upper Midwest continues to threaten developing crops. Corn eased as beneficial rains aided crops entering pollination, while wheat firmed as sparse moisture reached drought-hit spring […]

By Christopher Walljasper

Jul. 7, 2021 at 5:23 pm CDT

MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 […]

By Glen Hallick - MarketsFarm

Jul. 7, 2021 at 5:05 pm CDT

MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have seen some wide price moves over the first trading week of July, as a surprisingly bullish acreage report at the end of June was quickly superseded by the weather. “Right now it’s weather; the weather has trumped […]

By Phil Franz-Warkentin

Jul. 7, 2021 at 4:54 pm CDT

Chicago | Reuters — Chicago Board of Trade soybean futures rose on Wednesday, recouping a portion of heavy losses from a day earlier, as a lower-than-expected U.S. crop rating tempered hopes that rain will improve field conditions. Rains from Friday into next week will offer timely moisture for corn that […]

By Tom Polansek

Jul. 6, 2021 at 8:28 pm CDT

MarketsFarm — Canada is looking at another small mustard crop in 2021, which should keep prices well supported for any unpriced crop, as recent heat stress cut into yields. “That was a very rough week,” said Walter Dyck, the Alberta-based general manager with Wisconsin mustard-processor Olds Products, on the late […]

By Phil Franz-Warkentin