Winter Wheat Drought
The summer is over but drought fears continue to haunt the grain markets. The rain we never received this summer has turned into snow that we hope is coming. The corn and beans have long since been
harvested but the U.S. winter wheat crop is the next grain market to be left high and dry while European wheat is left to drown in its own wealth of precipitation.
The USDA Crop Progress Report showed 39% of the U.S. winter wheat crop in good or, excellent condition as of November 4th. Sounds pretty good, right? …