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Heavy Rains Pound Corn Belt

USDA crop ratings are strong for corn and soybeans, but slow development remains a concern. (Audio)

Published on: Jun 25, 2013

Big storms rolled through northern Illinois and much of Wisconsin overnight, part of a system that will keep the Great Lakes wet this week. Despite all the rain dumped over the Corn Belt in June, crops are doing well on average, according to Monday’s USDA Crop Progress report. However, slow development helped grain futures try to recover overnight from yesterday’s mostly lower trade. Worries on Wall Street remain an issue, as investors fret about credit tightening in China.

Farm Futures Senior Editor Bryce Knorr talks markets with Pam Jahnke, Wisconsin Farm Report. Listen to their conversation using the audio player on this page.

WEATHER MARKET? While not quite enough to trump Wall Street, wet weather has traders watching crop development.
WEATHER MARKET? While not quite enough to trump Wall Street, wet weather has traders watching crop development.

Senior Editor Bryce Knorr first joined Farm Futures Magazine in 1987. In addition to analyzing and writing about the commodity markets, he is a former futures introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Call on www.FarmFutures.com he writes weekly reviews for corn, soybeans, and wheat that include selling price targets, charts and seasonal trends. His other weekly reviews on basis, energy, fertilizer and financial markets and feature price forecasts for key crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association. And you can follow Farm Futures throughout the day on Twitter at www.twitter.com/farmfutures.

Pam Jahnke is Farm Director of the Wisconsin Farm Report that is carried on 16 stations in Wisconsin.  Known as the "Fabulous Farm Babe" Pam studied broadcast journalism and broad area agriculture at the University of Wisconsin - River Falls. After college, Pam moved into her chosen field, doing farm broadcasting, radio and television, from Green Bay to Eau Claire, WI - and she's never looked back.  Pam often says she feels like farm broadcasting and communicating on behalf of food producers is exactly what she was made for. Pam has been named "Friend of Agriculture" by the Wisconsin Department of Agriculture for her assistance in raising awareness of the "Harvest of Hope" program. She has also served as president of the National Association of Farm Broadcasting.

We're offering a new free report - Baling Up Hay-Making Costs: A Buyer's Guide - ahead of forage season. Check it out.