Weather and Market Commentary- October 26, 2009

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Weather and Market Commentary- October 26, 2009

October 26, 2009 by sabrina829

Monday, October 26, 2009:

It was difficult to find locations in the Corn Belt that did not see at least “some” rainfall for the period from Friday morning to this morning, so that meant that harvest progress was spotty at best with the vast majority of the region getting nothing done. Missouri and Illinois have been the states seeing the biggest rainfall totals over the past 24 hours, and I can confirm about six-tenths of an inch for both Peoria and Quincy. Southeastern Iowa was seeing most of the rain early today, though most of that was quite light. The next three days will not feature all that much rain anywhere in the Corn Belt. What falls will be mainly in eastern and southeastern parts of the region for today and tomorrow, and even there it will not be especially heavy. It will be the Delta seeing most of the rainfall early in this work-week period, with amounts there of better than an inch. Wednesday will be a dry day, but on Wednesday night we will start to see precipitation on the increase over the Plains and that system will be impacting all of the Corn Belt and Delta with rainfall for Thursday and Friday.

Most everyone should get at least a half inch of rain from that system, with the Delta and southeastern Corn Belt likely the target areas for the biggest totals. Combining the early week and late-week systems together, and we are looking at a very wet work-week period for the Delta growing regions. There is hope for drier weather after that. Saturday should be largely dry for the Corn Belt and Delta, and right now there does not appear to be all that much precipitation in forecast from that day right through at least November 5 or 6. What does fall in that time frame should be mainly in the northern Corn Belt and northern Plains for about November 4, and should be pretty light. Wednesday and Thursday of this week should be abnormally warm days for a change for a lot of the Corn Belt and Delta, but it will turn a lot colder for the weekend. There are signs though of above-normal temperatures again for November 3 and beyond. For this afternoon’s harvest progress report, I would look for the national soybean harvest to be at 54-55 percent done (I have heard estimates as low as 40 percent and as high as 65 percent), and would look for the corn harvest to be 23 percent (which would keep it the slowest for the past 30 years, easily surpassing the 33 percent figure of 1992).