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Roundup: Crop weather worries mount
It's August, typically a critical month for the U.S. soybean crop. That's still true this year, though the tardy development pace for that crop and its rotational brother, corn, has many farmers already earmarking September as "this year's August." And that's fueling anxieties about whether or not this year's crops will reach maturity before a frost potentially lays out a much lower yield path than normal in a year when the world needs a lot of corn and soybeans. Here's the latest from experts and farmers around crop country.
Crop development is behind schedule, making the prospect of a frost even at the normal time a frightening one for corn and soybean farmers. Will it happen earlier than normal?
Market-moving crop observations
In recent weeks, largely favorable crop weather (in many locations, anyway) has prompted traders to trade down corn and soybean futures. In the last week, however, that's changed. The lateness of the crop combined with cool, largely dry conditions in much of the Corn Belt has changed the tide of the trade, especially after some key USDA data released earlier this week. Will the higher price trend continue?
The latest crop condition and market talk
- A late-September frost on the way?
- Frost worries and higher grain prices
- Crop 'chickens coming home to roost'
- How good is this corn?
- Ears tipping back in Illinois