Wheat has the most significant rain event of the year for the US southern plains and it’s bullish!

Published on: 10:35AM May 23, 2014

 On the surface this appears to be bearish but now I am hearing more talk and "buzz" regarding the possibility of serious hail damage accompanying this front of moisture.

So now we have the initial debate of if the rains are coming in too late? Along with a secondary debate regarding the extent of crop damage caused by heavy hail and severe thunderstorms, Maybe this weekend will produce the added spark the bulls have been looking for...

More negative production headlines out of the US and more political complications and violence out of Ukraine???

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Remember, markets are closed on Monday, May 26 for Memorial Day. That will also delay USDA weekly Crop Progress until Tuesday, May 27.