Weather and Market Commentary- July 7, 2009
July 7, 2009 by sabrina829
Tuesday, July 7, 2009:
The corn and soybean markets were caught a bit off guard this week when Monday afternoon data showed deterioration in national corn and soybean ratings, but with a corn crop rated at 71 percent good-to-excellent (including an Iowa crop at 82 percent good-to-excellent) and a soybean crop rated at 66 percent good-to-excellent (including a Nebraska crop at 83 percent good-to-excellent), most will still believe that the potential is there for very big crops if the weather were to cooperate. Even with the deterioration this week, the corn rating is still the highest given to the crop for this time of year since the record-setting crop of 2004; the same can be said for the soybean rating as well. We are to that time of year when rainfall is rarely a bad thing for the Nation’s crops, and in most cases a good rain means a bigger yield potential. Any place in the Midwest that wants rain is going to have chances (in most cases…multiple chances) over the next ten days, and there will be areas likely picking up some big amounts.
Through the end of this week, it will be northern and eastern parts of the Corn Belt that see the best rains, with far eastern South Dakota, about the northeastern half of Iowa, northern parts of Illinois/Indiana/Ohio, and all of Michigan, Wisconsin, and Minnesota likely seeing some nice amounts. That rain is especially beneficial in Minnesota and Wisconsin, states that had a fairly dry spring and states where the latest Drought Monitor showed abnormally dry or even moderate drought conditions. For the second half of the weekend and into the first part of next week, we may see a bit of a “battle zone” get set up over the Midwest, with a clash between cool air over the Great Lakes and hot air over the Southern Plains and Delta creating a favorable environment for rain in especially central and southern parts of the Corn Belt. Overall, I see signs of the Corn Belt weather pattern staying “active” right through about the July 20th time frame. Any heat that is seen in the Midwest over the next ten days or a little longer is going to be confined to southwestern and southern parts of the region, and that is mainly for this work-week. Much of the Midwest looks to turn fairly cool later this weekend and stay cool through at least the middle of next week.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2009 – All Rights Reserved
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Weather and Market Commentary- July 7, 2009
July 7, 2009 by sabrina829
Tuesday, July 7, 2009:
The corn and soybean markets were caught a bit off guard this week when Monday afternoon data showed deterioration in national corn and soybean ratings, but with a corn crop rated at 71 percent good-to-excellent (including an Iowa crop at 82 percent good-to-excellent) and a soybean crop rated at 66 percent good-to-excellent (including a Nebraska crop at 83 percent good-to-excellent), most will still believe that the potential is there for very big crops if the weather were to cooperate. Even with the deterioration this week, the corn rating is still the highest given to the crop for this time of year since the record-setting crop of 2004; the same can be said for the soybean rating as well. We are to that time of year when rainfall is rarely a bad thing for the Nation’s crops, and in most cases a good rain means a bigger yield potential. Any place in the Midwest that wants rain is going to have chances (in most cases…multiple chances) over the next ten days, and there will be areas likely picking up some big amounts.
Through the end of this week, it will be northern and eastern parts of the Corn Belt that see the best rains, with far eastern South Dakota, about the northeastern half of Iowa, northern parts of Illinois/Indiana/Ohio, and all of Michigan, Wisconsin, and Minnesota likely seeing some nice amounts. That rain is especially beneficial in Minnesota and Wisconsin, states that had a fairly dry spring and states where the latest Drought Monitor showed abnormally dry or even moderate drought conditions. For the second half of the weekend and into the first part of next week, we may see a bit of a “battle zone” get set up over the Midwest, with a clash between cool air over the Great Lakes and hot air over the Southern Plains and Delta creating a favorable environment for rain in especially central and southern parts of the Corn Belt. Overall, I see signs of the Corn Belt weather pattern staying “active” right through about the July 20th time frame. Any heat that is seen in the Midwest over the next ten days or a little longer is going to be confined to southwestern and southern parts of the region, and that is mainly for this work-week. Much of the Midwest looks to turn fairly cool later this weekend and stay cool through at least the middle of next week.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2009 – All Rights Reserved
To Return to Fastline.com- Click Here
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