With winter mostly behind us, farmers are preparing to take to the field for planting season.
One meteorologist says that farmers in Illinois, Indiana, and Ohio will likely face a very active pattern this month leading into April.
BAM Weather consultant Bret Walts says that many Midwest farmers may be hard-pressed to find consistent dry periods to get into the fields.
The Climate Prediction Center backs that, showing above-average changes for precipitation for the eastern Corn Belt on both the one and three-month outlooks.
However, moving farther west, things look drier. States like Nebraska, South Dakota, western Iowa, and Oklahoma anticipate worsening drought conditions.
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Traders say that shift could eventually prompt the USDA to scale back soybean export projections, noting the outlook differs greatly for other grain commodities.
The federal government’s status is far from the only factor moving the markets on Friday. Two critical reports released today on producer inflation and the status of the U.S. cattle herd are also top of mind.
A rapidly intensifying winter storm is expected to develop into a bomb cyclone this weekend, affecting the Southeast, southern Virginia, and potentially parts of the mid‑Atlantic and New England.
Often overlooked, cotton wholesalers act as stabilizers during market stress, translating fragmented retail demand into workable production programs for mills and manufacturers.
Strong blending demand continues to support ethanol use even as production and exports fluctuate.
Farm CPA Paul Neiffer helps producers navigate farm program payments and understand the key details farmers need to know.
