Insights and Stories on Weather

Jan. 20, 2021 at 6:05 pm CST

MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed […]

By Phil Franz-Warkentin

Jan. 4, 2021 at 8:36 pm CST

MarketsFarm — Warmer-than-normal temperatures are in the long-range forecast across all of Canada for the next three months, according to the latest outlook from Environment Canada. The latest seasonal forecast from the government agency, released Thursday, calls for a 40 to 70 per cent chance of above-normal temperatures from January […]

By MarketsFarm Team

Jan. 4, 2021 at 6:10 pm CST

Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, […]

By Julie Ingwersen

Dec. 1, 2020 at 4:38 am CST

MarketsFarm — Most of Canada should see above-normal snowfall over the next three months, according to updated seasonal forecasts released Monday from Environment Canada. Weather maps show a 40 to 60 per cent probability of more precipitation than normal across much of the country from December through February, with the […]

By MarketsFarm Team

Nov. 4, 2020 at 7:45 pm CST

MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind […]

By Marlo Glass – MarketsFarm