HOW MUCH DAMAGE WAS DONE & WHAT IS MARKET EXPECTING

Written By Sebastian Frost

AUDIO COMMENTARY

  • More wheat fund selling & bean profit taking

  • Forecasts hot and dry the next 10 days

  • How much damage was done to this crop?

  • Funds might be shocked at the damage

  • What are the markets expecting

  • Will demand continue to be solid

  • Harvest is not the time to be selling

  • If you made sales - different re ownership strategies

  • Make sure you scroll to check out some social media takes, weather, how dry August was & more

Listen to today’s audio below

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HOW DRY WAS 2ND HALF OF AUG?

Here is how the second half of August ranks up against the last 131 years in terms of precipitation. Nearly the driest on record for a good portion of the corn belt, out of 131 years.

Here is the 14-day precipitation anomaly % of normal. Not a good way to finish this crop.

Here is the current soil moisture situation. This heat and lack of moisture is hurting.

SOCIAL MEDIA TAKES

WEATHER

Weather remains very hot for the beginning of September, but they did add some moisture to the forecasts.

Here is the maximum temps for this weekend.

Sebastian Frost
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WEATHER IMPROVING, BUT DAMAGE WAS DONE
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THIS CROP HAS MORE DAMAGE THAN MOST REALIZE. DON’T PANIC SELL