Insights and Stories on Weather

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

Nov. 2, 2020 at 7:29 pm CST

Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on […]

By Julie Ingwersen

Oct. 30, 2020 at 5:55 pm CDT

Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the […]

By Julie Ingwersen

Oct. 27, 2020 at 3:47 pm CDT

MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the […]

By Marlo Glass – MarketsFarm

Oct. 5, 2020 at 5:09 pm CDT

London | Thomson Reuters Foundation — Climate change could render swaths of agricultural land largely useless for farming in the U.S. South, and force Midwestern farmers to move corn and soybeans elsewhere as crop yields decline, researchers said on Monday. The profits of growing six key crops are set to […]

By Sonia Elks