Weather - General
The historic 2012 drought is far from over, but it has at least subsided in parts of the country.
Scarce stocks could send prices soaring or crashing just as they did in 2008 and 2009, when prices rose to record-highs only to crash following the Great Recession.
Chip Flory and Brian Grete discuss the wheat market in this week’s Pro Farmer Profit Briefing.
Virtually no rain has been seen for a month in southern Kansas, Oklahoma and the Texas Panhandle.
Two storm systems eased drought across the contiguous U.S.
USDA sees wheat crop down 40% from last season.
Crops respond to rains, with conditions improving.