Home / News / Crops news / Mother Nature shifting gears?

Mother Nature shifting gears?

Jeff Caldwell 06/22/2012 @ 3:04pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

Friday morning, grain futures were running high, posting double-digit gains until about the middle of the day, when a new forecast was released. Then, with an almost laser focus on Mother Nature, traders took improved rainfall chances and ran with them to trim early gains, leaving the grains to finish the day just slightly higher.

"Midday forecasts call for more moisture after next week, but the forecast could still switch back again, and more rain will still be needed to prevent yield losses in any case," according to a report from Dow Jones Newswires.

Weather outlook shifts like this have traders on edge, making for a volatile marketplace, one trader told Agriculture.com Markets Editor Mike McGinnis on Friday.

"Weather is as always a big factor and we've got boatloads of it here and abroad to talk about," the trader said Friday. "Traders simply can't assume anything will turn out as it may seem."

CancelPost Comment
MORE FROM JEFF CALDWELL more +

3 Things to Watch This Morning, Tuesday… By: 03/03/2015 @ 6:41am Turnaround Tuesday for the grains again?Soybean futures led the way down for the grains on Monday…

3 Things to Watch This Morning, Monday… By: 03/02/2015 @ 6:27am Brazilian rain delays could fuel higher soybean prices today. It's been bone-dry in much of…

All Around #Classic15: Commodity Classic… By: 02/27/2015 @ 2:42pm Temperatures are about 50 to 70 degrees warmer in Phoenix, Arizona, than they are in much of corn…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Brazilian Rain and US Planting Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]