Frost/Freeze in Canada...affect crops??

[kadee79]

Just a little something you might want to keep in mind and also keep an eye on as it will likely affect many areas of the markets if there was much damage.

- Freezing temperatures covered much of the Western Canadian province of Alberta early on Thursday, raising the risk of damage to wheat, barley and canola crops that did not fully develop.

Overnight temperatures included lows that were just slightly below freezing to well below, according to Environment Canada data. The national weather service reported a low of -6 Celsius (21.2 Fahrenheit) at Edmonton, with the temperature in the provincial capital hovering between -4 and -6 Celsius during a five-hour period.

Significant lows were also recorded at Lloydminster (-5.3 Celsius), Peace River (-3.1 Celsius), Red Deer (-4 Celsius) and points in between.

Parts of southern Alberta escaped the frost.

The neighboring provinces of Saskatchewan and Manitoba mostly avoided the deep freeze.

Factors such as the duration of cold weather, how far below freezing temperatures reach and the stage of crop development determine the extent of frost damage. Temperatures lower than -2 Celsius that last for several hours can kill crops.

Canada is the world's sixth-largest wheat producer and biggest grower of canola, a seed that is crushed for its oil and meal.
                                            local.msn.com/frost-hits-crops-in-canadian-province-of-alberta                                                                              

[Value Buy]

They had snow in South Dakota today.........

How much of Canada's wheat crop would still be in the fields at this point?

Most would have been winter wheat, and even this year's plantings should have been harvested by now.

[kadee79]

It would all depend on lots of things but mainly on the weather we have had this spring/summer. Many crops are behind due to a late spring and cooler summer.

[kadee79]

And here is another article about what has happened so far and what may happen yet if the weather goes as forecast....

The U.S. northern Plains and far western Midwest crop regions saw their first freeze of the season but the cold temperatures were only in pockets of the belt, limiting damage to immature corn and soybeans, agricultural meteorologists said on Friday.

The forecast called for more cold temperatures in the northern Corn Belt on Saturday morning after lows on Friday morning ranged from the mid-20s to low-30s degrees Fahrenheit (minus 3.9 to 1.7 Celsius) from western Nebraska northward into the western Dakotas, Colorado and Montana.

"For the most part it wasn't a big deal in the major corn and soybean producing areas, the biggest crop areas were above the frost and freeze thresholds," said Andy Karst, an agricultural meteorologist at World Weather Inc in Kansas City.

The coldest spot was in northeastern North Dakota at Langdon which had a hard freeze, Karst said. The morning low dipped to 24 F ( minus 4 Celsius).

Crop specialists remain concerned about an early freeze hitting the northern states as corn and soybean are at least two weeks behind in development because of late planting and a cool summer. A freeze could take the top edge off this year's projected record-large harvest and lower crop quality.http://local.msn.com/first-freeze-causes-little-damage-to-us-northern-plains-crops

local.msn.com/first-freeze-causes-little-damage-to-us-northern-plains-crops

[tyfighter3]

I think the Corn crop would be allright but the Beans are a different story. Keep a close eye on them. If you have Nerves of Steel and money to burn, you might look at Nov or Jan, contracts to go long on if we get a good early freeze in the Mid-West. Anymore, I leave this kind of stuff to the young guys that would have more time to make up their losses if they go broke. LOL

[kadee79]

I've never messed with it, but what happens with the crops can effect so many other things now....like ethanol, food prices, clothing prices (cotton), etc. So just something to keep an eye and see how it could play out.

[ՏՇԾԵԵʅՏɧ_LԹՏՏʅҼ]

I live in western Canada where much of the agricultural crops are grown (wheat, canola, rye, corn, barley, etc etc).

The snowfall and below-normal temps in my area were brief and most crops received only minor frost damage overall. It wasn't really cold enough to do any major damage to them. The temperatures are back to normal or better now. Even today it was in the low 70's and going to be close to 80 tomorrow.

Harvesting is continuing on schedule for the majority of crops.

[damnotagain]

USDA reports 171.7 bushels an acre 2014. Weather looks good for the next seven days .
A new record.

a stronger dollar is not going to help either .

[Deleted]

Yes stronger dollar puts stress on the entire commodity price complex; an issue which is currently being exacerbated by the Energy Boom going on in the U.S. ; which has been contributing to the Glut of Oil & Nat. Gas; which has oil pricing in Contango; which is not good for energy companies.

Although, Contango if it last long enough will be a great benefit to anyone who owns a car.

Not that lower pump prices will let you buy more gas (you could), but lower pump prices will let you save a bundle on your 5 gallons; which then you can use to maybe buy 1 or 2 more things at the grocery store where the prices that the FED says don't matter have gone waaaaaaaay up..

Although that party won't last long, because a stronger dollar will slam that door but damn fast.

Back Under Our rock We shall now go.

[kadee79]

And there was an article in my local paper today...the cotton farmers are crying! Due to better than expected/predicted crops last year and this year, there is a surplus at present that has driven the price down.  They were saying that most who planted cotton are going to be in the loss column....won't even break even on their crops.