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Overnight Highlights |
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Commodity Weather Group Forecast |
· Drier until late 6-10 day in south-central GA/C. & NE SC/far E. NC soy/cotton, aids recovery from recent tropical rains · Heaviest Midwest weekend rain (3”+) in parts of NW IA/far SW MN/S. SD/E. ND/NW KS, mainly past 2 days · Wet pattern this week hinders maturing corn/soy in much of Midwest; locally heavy from SW into Great Lakes · Additional showers (favor W. Midwest) at middle of 6-10 day & 11-15 day but not as heavy, limiting damage threats · Limited Delta corn/soy harvest delays next 2 weeks, while Plains rain aids moisture for early-seeded winter wheat · Scattered rains in next week slow Canada wheat/canola harvest, ease at mid-month; occ’l frost too late for damage International Overview · Argentina Rains Early Next Week Likely Too Light to Ease Moisture Shortages in SW 1/2 of Belt · Showers Likely to Miss Dry 1/2 of Ukraine Wheat Belt Next Week, Delaying Winter Wheat Seeding · Australia Wheat to See Rains in Drier South 1/4 of Belt Later This Week Reduce Moisture Shortages · India Groundnuts Still Favored for Rain Relief in 6-10 Day to Avert Moisture Stress in South |
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All opinions expressed in this commentary are solely those of Water Street Advisory. This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. There is significant risk of loss involved in commodity futures and options trading and may not be suitable for all investors. |
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