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Midweek Markets: Weathering the weather market

From frost to heat wave in two short weeks, we look at the impacts so far on this year’s crops

Volatile weather has in turn generated plenty of volatility for the grain markets in recent sessions. Prices seem to be attached to a yo-yo lately – swinging higher one day, only to tumble significantly lower the next.

 

Now summer is on its way, with the promise to deliver plenty of hot, dry weather. While the eastern Corn Belt appears in pretty good shape so far, drought-stressed parts of the upper Midwest and Northern Plains may not be able to withstand a lot of additional adverse conditions without taking a hit to yields.

 

We took a closer look at what’s been unfolding so far and offer a sneak peek at the next World Agricultural Supply and Demand Estimates (WASDE) report from USDA, out Thursday morning.

 

Plus, are you interested in attending this year’s Farm Futures Business Summit? Full event details are available here.

 

Listen to Midweek Markets podcast for June 9, 2021:

 

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MarketsWASDE

About the Author(s)

Ben Potter

Senior editor, Farm Futures

Senior Editor Ben Potter brings two decades of professional agricultural communications and journalism experience to Farm Futures. He began working in the industry in the highly specific world of southern row crop production. Since that time, he has expanded his knowledge to cover a broad range of topics relevant to agriculture, including agronomy, machinery, technology, business, marketing, politics and weather. He has won several writing awards from the American Agricultural Editors Association, most recently on two features about drones and farmers who operate distilleries as a side business. Ben is a graduate of the University of Missouri School of Journalism.

Jacqueline Holland

Grain market analyst, Farm Futures

Holland grew up on a dairy farm in northern Illinois. She obtained a B.S. in Finance and Agribusiness from Illinois State University where she was the president of the ISU chapter of the National Agri-Marketing Association. Holland earned an M.S. in Agricultural Economics from Purdue University where her research focused on large farm decision-making and precision crop technology. Before joining Farm Progress, Holland worked in the food manufacturing industry as a financial and operational analyst at Pilgrim's and Leprino Foods. She brings strong knowledge of large agribusiness management to weekly, monthly and daily market reports. In her free time, Holland enjoys competing in triathlons as well as hiking and cooking with her husband, Chris. She resides in the Fort Collins, CO area.

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