Following is the latest Palmer Drought Index:
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Palmer Drought: Deficits Widen in Southern Missouri, Northern Iowa
Up to 15 inches of precip needed in north central Iowa to reverse drought.
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Rich Nelson, chief strategist for Allendale says row crops are pausing right now until the weather story is really decided, while wheat is concerned about rising tensions in the Black Sea region.
Kevin Duling with KD Investors says corn and soybeans eased with a 1% improvement in ratings, while the weather is moderating.
Dave Chatterton with Strategic Farm Marketing says the market initially traded the heat for this week which is unwelcome for corn during pollination time.
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