Following is the latest Palmer Drought Index:
(click on images for larger view)
Palmer Drought Index: Some Progress, Much More Needed
Much more progress ahead to rid Midwest of drought conditions.
Related Stories
Record heat, a rare Pacific hurricane triplet, and a wobbly South American monsoon are the latest signs of a historic El Niño, and Nutrien’s Eric Snodgrass says it’s about to squeeze this fall’s harvest window, too.
Darin Newsom, senior market analyst with Barchart, says it is not unexpected to see a little profit taking moving into the end of the month. However, he thinks any breaks will be bought by the trend following funds.
Jim McCormick with AgMarket.Net says the market saw massive fund buying and short covering adding war or geopolitical premium.
Read Next
Driven by global refining tight spots and overseas infrastructure attacks, a record-breaking $5.85 fuel spike forces farmers to bite the financial bullet just as combines hit the field.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
