Western Canada facing drought Western Canada and the United States are drier this spring than in decades, raising the spectre of severe and widespread drought devastating crops.
Author of the article: Postmedia News
Publishing date: May 17, 2021 • 1 hour ago • 2 minute read •
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Western Canada and the United States are drier this spring than in decades, raising the spectre of severe and widespread drought devastating crops.
Data from NASA shows that millions of acres of farmland stretching from Manitoba and Saskatchewan south and west through the Dakotas to California is much drier than normal and in some cases is breaking records.
Corn, soybeans and wheat all faced significant cuts Thursday
Technical selling and profit-taking plagued grain prices Thursday after traders had more time to digest some bearish data from USDA’s World Agricultural Supply and Demand Estimates (WASDE) report, out yesterday. Planting pressure is also creating short-term headwinds, as is a strengthening U.S. Dollar. Corn prices were hit the hardest, with July futures finishing the session limit down. July soybean futures dropped 3.5%, and some wheat contracts lost more than 4% today.
More wet weather is headed to the western Corn Belt – particularly in Kansas and Missouri, which could gather another 2” between Friday and Monday, per the latest 72-hour cumulative precipitation map from NOAA. The agency’s 8-to-14-day outlook predicts seasonally wet weather for much of the central U.S. between May 20 and May 26, with warmer-than-normal temperatures likely for most of the U.S. during that time.
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La Nina gives a turbocharge boost to already high food prices
Global prices for food and crops are at multi-year highs and thereâs a culprit far larger than human commerce: La Nina.Â
By Brian K Sullivan, Fabiana Batista and Jasmine Ng, Bloomberg
2 May 2021 08:42
Image: Justin Sullivan/Getty Images North America
Global prices for food and crops are at multi-year highs and thereâs a culprit far larger than human commerce: La Nina.
This year, the weather pattern has already made its mark in North and South America as well as Australia and Indonesia. Characterized by the cooling of the equatorial Pacific, La Nina triggers atmospheric gyrations that cause water scarcity in some places and floods in others. And the prospect of drought across the US â and difficult weather just about everywhere else â is roiling commodities markets. Combined with falling yields and growing demand from China, the result is soaring food prices and
May 1, 2021
Global prices for food and crops in much of the world are at multi-year highs and there’s a culprit far larger than human commerce: La Nina.
This year, the weather pattern has already made its mark in North and South America as well as Australia and Indonesia. Characterized by the cooling of the equatorial Pacific, La Nina triggers atmospheric gyrations that cause water scarcity in some places and floods in others. And the prospect of drought across the U.S. and difficult weather just about everywhere else is roiling commodities markets. Combined with falling yields and growing demand from China, the result is soaring food prices and fears of inflation among world governments.
La Nina gives a turbocharge boost to already high food prices around the world japantimes.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from japantimes.co.jp Daily Mail and Mail on Sunday newspapers.