west central MN | mennoboy - 6/10/2017 15:32 Have read often that rallies in price that happen because of a production shortfall (almost always weather based) happen before the harvest happens. If I remember correctly, the best time to price grain in the last bad drought year in the US (2012??) was in June/July before harvest even happened. Is this common in all weather based/short supply rallies? Before harvest is the peak? .
I think the best price for corn and beans in 2012 was in late August. I think a typical weather scare happens in June and July because of the fear of a weather problem. If we actually do a have a fair amount of crop lost to weather than I think the high comes later in the year. The price should continue to go up until the weather or the forecast for better weather happens. I maybe have backyarditis this morning but I am thinking last weeks short rally might be done for a few days as some areas got some rain and there are changes for rain in a lot of forecasts this week. |
question about weather markets- spring wheat specifically
