One farmer's blessing is another's curse. That's the dilemma the wheat market faces headed into April, a month that's typically a crucial one for the crop.
On the northern Plains, record flooding in the Red River Valley means more storms are the last thing residents need. They're likely to get them however. While the region is known for drying out quickly, it's worth noting that spring wheat production fell dramatically in 1997, the previous benchmark for worst case scenarios from Mother Nature.
To the south, another winter storm system did much more good, though not if you're a cattle feeder or cow-calf operator. Not all dry areas received much needed precipitation, but those that didn't are probably beyond saving anyway. The moisture should help improve conditions once nationwide condition reports resume April 6, moving the crop closer to average production.
To read Bryce Knorr's complete weekly wheat review, click HERE.
Powered by iNet Solutions Group ©2011 All Rights Reserved.