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Overnight Highlights |
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Commodity Weather Group Forecast |
· Very limited rains in Midwest yesterday (mainly WI); heavier rains in NC threaten cotton quality as 2/3 are open boll · Rains in NW 1/4 Midwest this week add to disease concerns in N. IA/S. MN/WI; elsewhere favorable drying all week · Showers early next week halt W. 1/2 Midwest harvest but eastern areas see only minor interruptions · Delta rains confined to W. 1/2 early next week limiting harvest delays; rains in NC today continue cotton quality threat · Extensive Plains wheat rains early next week benefit newly seeded fields but detract from W. TX cotton quality · Weekend rains in Canadian wheat/canola areas slow harvest but drier following week keeps damage threat limited |
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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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