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Corn+Soybean Digest

Market News

Midwest Forecasts Cooler, Wetter

Weekend weather across the Midwest was more favorable for the corn and soybean crops than expected as several rounds of thundershowers brought good rains to parts of the western Midwest and kept temperatures from heating up as much as expected.

And meteorologists have taken the heat out of their forecasts for much of this week, while adding more rainfall.

A large part of the Midwest received rainfall coverage averaging more than one-half inch over the weekend, with heavier amounts in some areas of the western Corn Belt

Scattered showers are expected over a wide area of the Midwest this week. The best rainfall Sunday and Monday was across southeastern Nebraska, southern Iowa and northern Missouri.

Rains are expected to shift to the north by midweek, bringing moisture to eastern parts of the Dakotas, Minnesota, northern Iowa, Wisconsin and northern Illinois.

DTN’s Meteorologix weather service on Monday was calling for total weekly rainfall of up to 1 in. for most of the Midwest, including dry areas of west-central Illinois. Only the far western edge of the Midwest is expected to miss out on moisture.

The moisture should be quite beneficial for soybean pod development and late-season corn ear fill. Cloud cover will also limit any increase in temperatures.

A return to above-normal temperatures and below-normal rainfall is expected later in the week, but conditions are not expected to become extreme. The hottest Corn Belt temperatures are expected to be in the low 90s.

And there are signs that threatening heat may disappear completely from the Midwest weather picture during the third week in August.

The National Weather Service 6- to 10-day forecast for Aug. 12-16 calls for normal temperatures over most of the Corn Belt, with above-normal heat staying to the west over the Plains region.

The Plains region, however, is expected to see above-normal precipitation to go along with above-normal temperatures.

The NWS 8- to 14-day outlook shows a shift to below-normal temperatures across the entire Midwest and the Plains region as well during the Aug. 14-20 period.

Precipitation is expected to be below normal during the 8- to 14-day period.

Editors note: Richard Brock, The Corn and Soybean Digest's > Marketing Editor, is president of Brock Associates, a farm market advisory firm, and publisher of The Brock Report.

To see more market perspectives, visit Brock's Web site at

http://www.brockreport.com/brockreport.

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