Following is the latest Palmer Drought Index:
(click on image for larger view)
Palmer Drought Index: More Precip Needed Across Corn Belt
Many areas of the Corn Belt are in need of rain to improve soil moisture reserves.
Related Stories
USDA’s Great American Cotton Plan aims to boost demand for U.S. cotton through domestic manufacturing incentives, traceable supply chains and the Buying American Cotton Act.
The row crop and cotton markets saw some early support Thursday from a rally in crude oil as doubts about the peace deal with Iran came into question.
Shawn Hackett with Hackett Financial Advisors says the market was removing China premium after the disappointing summit as the market wanted more details on ag purchases.
Read Next
From canola to hemp, recent history shows new crops only stick when margin and infrastructure line up for years—not seasons.
