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Overnight Highlights |
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Commodity Weather Group Forecast |
· Rains heaviest in SE KS/C. MO/SE IN in past day, with showers continuing next 2 days in MS Valley/S. Midwest · Break from rain early next week; rain returns to SW Midwest Tue.; wetter next Fri.-Sun., slows early Midwest harvest · Scattered 11-15 day showers (mainly late) favor SW Midwest, but drier versus yesterday; main wetness risk MO/KS · No signs of notable frost risks next 2 weeks in Midwest, with patchy frost limited to Canada at middle of next week · Limited corn/soy harvest interruptions for most of South next 2 weeks, with main rain chance in Delta in 6-10 day · Frequent rains bolster moisture for early-seeded Plains wheat; Canada wheat/canola harvest delays begin to ease International Overview · Rains Sufficient to Aid East 1/2 Arg. Wheat Next Week; West 1/2 Still Likely to Remain Unfavorably Dry · Ukraine Wheat Lacks Rain Next 2 Weeks, Hampers Seeding/Germination in Over 1/2 of Belt · S. Australia Rains Benefit Dry Wheat Yesterday; Driest 10% of Belt to See Rains Next Week · India Rains Increase Next Week, Aiding All Sugar/Cotton; South 1/4 of Groundnuts at Risk of Missing Relief |
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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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