Weather and Market Commentary- September 29, 2009
September 29, 2009 by sabrina829
Tuesday, September 29, 2009:
Cold temperatures were the main worry of the corn and soybean markets for September, but as the calendar turns to October the main concern will be wet weather…and we certainly have a lot of that in store for the first week of the month. A big storm system for late this week will be a very slow mover (Saturday will still probably be a damp day in a lot of the Corn Belt), and should leave behind some very heavy rainfall totals for the Dakotas, Minnesota, northeastern Nebraska, and Iowa. Quickly following on the heels of that system will be another rain system set to arrive for about Monday and could very well be impacting the Corn Belt through next Wednesday. Our weather system for late this week will be a quick mover for growing areas of the Delta on Friday (and that will keep rainfall amounts there down, though enough will fall to halt the harvest) but the rain system of October 5-7 looks like it will be a much slower mover for that area and could very well target the Delta with its biggest rains (and they could very well be heavy).
Harvest progress numbers that were released on Monday showed that the national corn and soybean harvests are off to a slow start due to late-maturing crops and recent big rains in the Delta. We will probably see a decent jump in soybean harvest progress for next Monday’s report given open harvesting weather early this week for the Corn Belt and the Delta, but crop progress numbers coming out on October 12 will likely show corn and soybean harvest progress severely behind the five-year averages. With all of the rain around during the first week of October, you can assume correctly that further frost/freeze threats for the Northern Plains and Corn Belt are not in the forecast for that time frame. That’s obviously good news for especially a corn crop that, on a national basis, continues to mature at about its slowest pace in over twenty years.
Freese-Notis Weather/Weather Trades, Inc. Des Moines, Iowa Copyright 2009 – All Rights Reserved
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Weather and Market Commentary- September 29, 2009
September 29, 2009 by sabrina829
Tuesday, September 29, 2009:
Cold temperatures were the main worry of the corn and soybean markets for September, but as the calendar turns to October the main concern will be wet weather…and we certainly have a lot of that in store for the first week of the month. A big storm system for late this week will be a very slow mover (Saturday will still probably be a damp day in a lot of the Corn Belt), and should leave behind some very heavy rainfall totals for the Dakotas, Minnesota, northeastern Nebraska, and Iowa. Quickly following on the heels of that system will be another rain system set to arrive for about Monday and could very well be impacting the Corn Belt through next Wednesday. Our weather system for late this week will be a quick mover for growing areas of the Delta on Friday (and that will keep rainfall amounts there down, though enough will fall to halt the harvest) but the rain system of October 5-7 looks like it will be a much slower mover for that area and could very well target the Delta with its biggest rains (and they could very well be heavy).
Harvest progress numbers that were released on Monday showed that the national corn and soybean harvests are off to a slow start due to late-maturing crops and recent big rains in the Delta. We will probably see a decent jump in soybean harvest progress for next Monday’s report given open harvesting weather early this week for the Corn Belt and the Delta, but crop progress numbers coming out on October 12 will likely show corn and soybean harvest progress severely behind the five-year averages. With all of the rain around during the first week of October, you can assume correctly that further frost/freeze threats for the Northern Plains and Corn Belt are not in the forecast for that time frame. That’s obviously good news for especially a corn crop that, on a national basis, continues to mature at about its slowest pace in over twenty years.
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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