Too Wet on July 4th: Weekly Grain Market Comments

If we can assist your operations with a grain market supply/demand inquiry, please contact:

Edgar Hicks

402.884.0066 x111

Market Comments covers weekly developments from Wed. to Tues.

Weekly Market Comments: 7/07/10

Too Wet in Iowa on July 4th

This is probably the most directional week for new crop corn prices as they relate to weather. You can almost count on one hand the times when Nebraska/Iowa farmers have been complacent about dry weather the first week in July.

Improving crop conditions in the western corn belt due to dry weather is atypical and makes it very difficult to engage in bullish scenarios for new crop corn. This Friday the USDA will release its Supply/Demand report and we look forward to sharing our price projections while incorporating last week's government production numbers.

Learn More: Read the latest USDA Crop Progress Report

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