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Overnight Highlights |
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Commodity Weather Group Forecast |
· Rains continue to slow fieldwork in E. Midwest corn/soy into weekend; west dry until front arrives late Tue.-Thu. · Showers at mid-week & 11-15 day slow W. Midwest harvest, but 6-10 day drier vs. yesterday; damage risks very low · Heavy rains (locally 7”) in already wet sections of C. NC/VA/MD/DE, adding to soy/cotton concerns; dry next week · Delta/Southeast largely dry for corn/soy/cotton harvest; Tropical Storm Matthew likely stays in open Atlantic · Rains aid newly seeded Plains wheat but likely miss developing dry spots in SW KS; showers aid Pacific NW wheat · Main wheat/canola harvest areas in W. Canada slow into weekend; heavy 6-10 day rains east but nearly complete |
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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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