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Overnight Highlights |
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Commodity Weather Group Forecast |
· Heavy rains in N. IA causing localized flooding; rest of Midwest favorably dry yesterday aiding early corn/soy harvest · Late weekend rains in Midwest less intense limiting flood risks and allowing quicker harvest recovery next week · Rains early in 11-15 day slow Midwest harvest but E. 1/2 delays still likely to be minor; main set back in NW · Delta rains early next week substantially scaled back with only minor delays; Southeast drier, harvest to recover · Rains in 1-5/11-15 day diminish dry spots in Plains wheat aiding germination; W. TX cotton drier after early week rain · Canadian wheat/canola harvest wetter next 10 days slowing progress and raising the potential for localized damage International Overview · Argentina Shower Event Late Next Week Still Weak; 1/3 of Wheat May Remain Under Moisture Stress · NW 1/2 of Ukraine Wheat Back on Track to Pick Up Needed Rains Increase Next Week Aiding Germination · Brazil Rains Aid NE 1/4 of Corn/Soy Planting This Weekend, C. 1/3 Sees Needed Rains Following Weekend · NE China Corn/Soy Harvest Weekend Rain Delays Brief; Rains Improve Wheat Seeding Prospects Next Week |
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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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