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: