El Nino
El Niño could bring showers into parts of the Dakotas, Minnesota and Wisconsin.
For farmers and ranchers, the combination of expanding export opportunities, uncertain Chinese demand, and unpredictable weather will continue to shape markets heading into the months ahead.
Analysts say weather, global demand and international buying could shift the commodity outlook in the months ahead.
Weather outlooks point to more moisture this fall as cattle producers look for alternatives to limited pasture and hay supplies.
Possible El Niño conditions could slow grain shipments through the key export route.
USDA meteorologist Brad Rippey says the recent heat has already produced record-breaking temperatures across parts of the northern Plains, particularly in Montana.
The situation will be closely watched as the harvest approaches and exporters prepare for heavier corn and soybean movement.
Strong production trends could continue adding to global corn and soybean supplies.
ASFMRA’s Shawn Wood joins us to discuss farmland market trends, drought and water concerns, and the outlook for Arizona agricultural real estate.