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Seasonals and our spread analysis suggest farm diesel will build on this wee’s declines through the coming weeks.
MDA Weather Services says dry weather has resulted in soil moisture to decline further across the west central Plains, far southern Midwest, and the Delta, stressing winter wheat establishment.
Agency expects La Nina to linger through the winter, but to fade by spring.
This is the highest auction price in U.S. in 2 years.
USDA report and the election results hit the market hard this week. Analysts say despite the volatility, it creates opportunity, and producers should keep their eye on 2017.
MDA Weather Services says after scattered weekend showers, dry conditions are expected across the Central and Southern Plains the remainder of the week.
