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Some Ontario farmers finally get needed rain

Parts of the province experienced heavy rainfalls overnight

By Diego Flammini
Assistant Editor, North American Content
Farms.com

If patience is a virtue, then farmers in Ontario may be the most virtuous of them all.

Weeks of drought-like conditions have farmers concerned about their crops and resulted in wheat field fires. They’re not out of the woods yet, but the skies opened up overnight to provide some relief.

Producers took to Twitter to celebrate the rainfall regardless of how much they received.

Joshua Deschryver
Tweet from Joshua Deschryver
Photo: Twitter

Gary
Tweet from Gary, a vegetable grower from Sudbury
Photo: Twitter

Brantwood Farms
Tweet from Brantwood Farms
Photo: Twitter

Official rainfall numbers are still coming in, but early reports suggest areas like Hamilton and the Niagara Peninsula received 18mm of rain overnight.

According to The Weather Network, London’s highest chances of rain are on Thursday, Friday and Saturday with 40, 70 and 60 per cent chances, respectively.

Be sure to check Farms.com tomorrow as we will have an exclusive interview with Dave Phillips, senior climatologist with Environment Canada. He will dissect which regions of Ontario received the most rain and what the forecast may have in store.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.