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 +

'HMO' labels in the future? By: 10/30/2014 @ 12:52pm Growing crops will not always take place in open fields. There's a growing number of companies…

The Farmer's Holiday Gift-Buying Guide… By: 10/30/2014 @ 9:54am The holiday season is on its way. Why wait until the last minute to get your gift shopping done? If…

Midweek Weather Hits: Mostly Dry Now, Cooler… By: 10/29/2014 @ 9:24am With the exception of a few showers in parts of the region -- some of which added up to an inch of…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes