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Veteran Contributor
Canuck5
Posts: 100
Registered: ‎04-23-2013
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Markets this week...

Will the grain markets still be trading USDA's numbers tonight and early this week, or will focus shift to crop conditions and  weather.  If it is a conditions/weather market, what can we expect tonight and tomorrow? 

Senior Contributor
NDf
Posts: 324
Registered: ‎05-13-2010
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Re: Markets this week...

IMO weather and crop conditions was and will be the focus. Interesting 8 to 14 day forcast hinting at hot and dryer forcast sounds good. but wasn't 1983 when the crop was put in late and then around the July 4 the cornbelt turned hot and dry

Veteran Contributor
Canuck5
Posts: 100
Registered: ‎04-23-2013
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Re: Markets this week...

[ Edited ]

So-  corn down a nickel, and beans down 15 cents.....  Looks like weekend weather and forecast are deemed to be bearish by the after hours traders.  Are things improving production-wise?  In the western Canadian prairies, the crop is a bit late and there are starting to be excess moisture problems in some areas too.  Weed spraying is falling behind.

Advisor
c-x-1
Posts: 3,081
Registered: ‎06-26-2012
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Re: Markets this week...

is there much ponding going on in IA and sc IL where totals were between 4-8 inches?

 

thanks,

c-x-1

Veteran Contributor
Canuck5
Posts: 100
Registered: ‎04-23-2013
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Re: Markets this week...

Radar shows rain this evening (Sunday) going through western and central Kansas.  Is it good for the HRW wheat, or too late?  I would think it might be too late to help the crop, and in fact could be hindering the harvest.

.......Anybody?????

Veteran Advisor
Shaggy98
Posts: 3,720
Registered: ‎06-19-2011
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Re: Markets this week...

Harvest has only really begun in South Central Kansas, my area (Central Kansas) is still in the process of completely turning colors.  The rain will definitely help keep things cool so we won't loss any weight to kernel shriveling as each berry ripens for harvest.  It might slow the overall progress where the wheat harvest was under way, but for the remaining 90%+ part of the state this rain is beneficial, not only for the wheat, but also all our row crops and grass.

Esteemed Advisor
sw363535
Posts: 4,251
Registered: ‎07-18-2011
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Re: Markets this week...

[ Edited ]

Shaggy most of the okla panhandle has been harvested on insurance claims ------------- our dry land appraised at 2 bu per acre.  Neighbor cut their best field and got 8 bu/a.  Cross the line north and a few fields look better but not many.  Most will not be cut.

Irrig has big freeze damage.  Not in it yet

 

East of greensburg looks better--------- and it looks a little better south of dodge,  but poor compared to their normal.

sw