Corn is finally trading heat fill?............but week 2 might turn cooler?...............which would be bearish.
The widespread, big rain events are also over now but the wet areas need to dry out.
Double bottom on charts?
For the weather effecting grains, please go here:
we have been hot for sure and missed the last few rains. We do have good shot at another chance today and cooler for a couple days after this front today. thanks for all you info Metmike, I realize you spend a great amount of time gathering for us
You're welcome mcfarm!
I enjoy sharing the weather with you.
After day 10, alot of the guidance brings rains back in. This is the total precip for 384 hours below from the just out 12z GFS:
It also pushes the most intense heat south of the Cornbelt.......later in week 2 on this 12z GFS solution just out:
| gfs_namer_384_1000_500_thick|| gfs_namer_384_850_temp_ht|
mcfarm shared this great link with us on earlier this week. Here are some new maps I picked up from that site:
Soybeans: Wider perspective: Currently at 10 year lows!!!!!
Soybeans 3 months below
Soybeans 1 year chart below
Soybeans 5 years below
Soybeans 10 years-Wow, look at that high from the drought of 2012...and demand, currently at 10 year lows!
Corn historical perspective:
Who remembers $8 corn not so long(5 years) ago
Is the bottom in? If we have heat fill(extended heat from late July thru August), it is. If we turn cooler later this month, maybe not.
3 month below
1 year below
5 year below