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Overnight Highlights |
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Commodity Weather Group Forecast |
· Early weekend rains heaviest SE KS/C. MO/SW IL/N. IN/far NW OH/SE MI/NE IA; wet fields limiting early harvest · Patchy Midwest showers tonight/tomorrow with quick frontal passage, but wettest Thu.-Sat. (favors west) · Midwest showers limited much of next week (drier), but 11-15 day trends wetter in C. & SW; no notable frost risks · Break in rain helps to limit damage risk, but lack of sustained drying still hinders early harvest (particularly KS/MO/IA) · 6-15 day rains in South (particularly 6-10 day) hinder corn/soy harvest, but low damage risks · Canada wheat/canola harvest slows late next week, but favorable drying in meantime aids fieldwork International Overview · Rains Aid East 1/2 Arg. Wheat This Week; Drier 6-15 Day Likely to Keep West 1/2 Under Stress · Ukraine Wheat Dry This Week; Showers Next Week Provide Spotty Coverage, With Up to 1/2 Belt Still Too Dry · Australia Rains Benefit E. 2/3 of Wheat This Week; Limited Rains West 1/3 Could Still Hamper Late Heading · Abundant Rains in India Next 10 Days End Crop Moisture Stress for All But South 15% of Groundnuts |
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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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