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NE Nebraska | Most of state got rain, yes droughts kinda over for now. Still doesn't change damage that was done early on to the yield reductions from replants this spring, washouts, hail storms, poor stands early on, ect. Weather changes move on. All this rain should be factored in the market already anyway as it's the biggest crop ever coming and market is already banking on it so not really a market mover. If we don't keep getting perfect weather I wouldn't want to be short as demand is high, and carry out is small for usage. Another thing is dollar is cheap so it should keep exports moving right along. | |
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Nebraska drought
