Heavy rains will continue to impede harvest in the western corn belt, as a moisture laden low pressure system moves through the central US.  Soybean harvest will be affected as well, but the timing of the event will have more of an impact to corn.  The US corn belt has seen a series of poor weather events cause problems for harvest operations.  This cooler and wetter fall was part of the outlook that shaped the Weather Trends outlook for reduced yields all summer.  Harvest is well behind last year’s pace – the most recent USDA crop progress update (20 Oct) reported that 29% of the US corn crop had been harvested, versus 58% for the same time last year.  At this writing, corn, soy, and wheat futures are all trading down.

This entry was posted on Wednesday, October 22nd, 2008 at 3:20 pm and is filed under Agriculture, Biofuels, Energy, Global Commodities, Global Weather, Grains, United States. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.