12-03-2010 03:18 PM
Plains wheat situation
Sounds like it's not a pretty picture in much of Kansas and the rest of the Plains, where the wheat crop's really hurting for lack of moisture, and a lot of it's going into dormancy with a pretty weak root system. That could mean a rough start toward harvest next spring. But, some folks say it's too early to count out the crop just yet. Hey, they grow 'em tough in Kansas! (okay, yes, I admit...I'm from Kansas!).
Anyway, some interesting thoughts here from some smart folks here on the crop and how the markets are reacting.