Insights and Stories on Weather

Prolonged heat wave breaks Canadian temperature records

Jun. 28, 2021 at 9:33 pm CDT

MarketsFarm — An extreme heat wave affecting all four western provinces, the shores of the Mackenzie River in the Northwest Territories as well as Watson Lake, Yukon, is expected to persist for a week. The “heat dome,” a high-pressure system trapping warmer air, has affected British Columbia the most. The […]

U.S. grains: Corn, soy, wheat up after sell-off

Jun. 18, 2021 at 5:25 pm CDT

By Julie Ingwersen

U.S. grains: Corn, soy plunge on weather, broad commodities sell-off

Jun. 17, 2021 at 6:32 pm CDT

By Julie Ingwersen

ICE weekly outlook: Canola market pits weather against supplies

Jun. 9, 2021 at 6:36 pm CDT

By Glen Hallick - MarketsFarm

CBOT weekly outlook: Wet weather pressures markets ahead of USDA report

Jun. 9, 2021 at 6:12 pm CDT

By Adam Peleshaty

U.S. grains: Soybean futures fall, corn firm ahead of USDA report

Jun. 9, 2021 at 5:23 pm CDT

Chicago | Reuters — U.S. soybean futures dropped 1.2 per cent on Wednesday, pressured by a round of profit-taking and weakness in the cash market, traders said. Wheat futures also were mostly lower after rain in the northern U.S. Plains eased some concerns about parched soils limiting the size of […]

By Mark Weinraub

U.S. grains: Midwest forecast supports gains in soy, corn

Jun. 8, 2021 at 7:31 pm CDT

Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday after a government report showed that the condition of crops was worse than expected as a heat wave hit the U.S. Midwest. “Yesterday’s Crop Progress report provided plenty of fodder for the bulls,” Matt Zeller, director of market […]

By Mark Weinraub

U.S. grains: Soybeans, corn ease on inflation fears

Jun. 3, 2021 at 7:02 pm CDT

Chicago | Reuters — Chicago soybean and corn futures eased on Thursday, pressured by a firming dollar and fears of food price inflation, though concerns of hot, dry weather in growing areas offered support, traders said. The most-active soybean contract on the Chicago Board of Trade fell 13-1/4 cents to […]

By Christopher Walljasper

ICE weekly outlook: Bare shelves keep all eyes on weather

Jun. 2, 2021 at 7:28 pm CDT

MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in […]

By Phil Franz-Warkentin

CBOT weekly outlook: Higher spring wheat all about dry North Dakota

Jun. 2, 2021 at 6:23 pm CDT

MarketsFarm — As heat and dryness prevail across North Dakota, prices for Minneapolis (MGEX) spring wheat will continue to rise, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Ettner pointed to the weekly crop progress report from the U.S. Department of Agriculture that showed the condition of […]