Weather Forecasts, Crop Ratings and WASDE — This Week in the Grain Markets

by

Opinion

Five, ten and fifteen day weather forecasts are all the rage these days as mathematical models built by market players (hedge funds and commercials) start to calculate the effects of rain, soil temperatures, and any other data point that you can think of. Some cooler, wetter weather is being forecasted for the American Midwest this week, which could slow down the most impatient of farmers who are already trying to get into the field with their seeders. That being said, if too much rain hits the major growing regions and impedes field work, prices on the futures board will increase. The…

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