Favorable weather ahead for corn and soybeans
The national corn planting pace as of June 5 at 94 percent was very close to trade expectations but still showed that there were significant amounts of corn left to plant in key states. No more is that the case than in Ohio, where 42 percent of their corn will be planted this year after June 5.
If farmers in that state (as well as in neighboring Michigan, Indiana, and Pennsylvania) want to plant remaining corn acres, they have two more days to do it before rain moves in on Thursday and there are off-and-on rain chances well into next week.
Putting that aside and also putting aside the confusion regarding what our wet spring weather has meant to the overall corn and soybean acreage mix, the forecast coming up is favorable for Midwest corn and soybean prospects.
Big heat right now (and into tomorrow for all but far northwestern parts of the region) is certainly notable (how can it not be, given that we are setting records?) but in my mind just as notable will be how cool temperatures will be for late this week and into the weekend for central and northern parts of the region.
Places like Mason City that were 98 for a high on Monday may be only about 58 for a high on Friday! With the arrival of that cooler air will come widespread rains for late this week and the weekend, and above-normal rainfall is suggested for the 6-10 day time frame as well in the Midwest. Problems with crop stress will be seen further south.
The weather coming up will allow spring planting to finish in the Delta and is also good news for the winter wheat harvest, but the lack of rain there and no real relief from the heat is going to eventually get some market attention. Even worse will be conditions in the southern Plains, where 100 degree highs will be seen every day for southern Kansas southward in the 6 to 10 day time frame. It is too late for that weather to matter with regards to the winter wheat crop; it is a big factor though for summer row crops in that region (and of course we can't even get the dryland cotton crop in West Texas planted due to a lack of soil moisture).
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