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The dire drought situation is one USDA meteorologist Brad Rippey thinks could last through at least the remainder of 2021. Forecasts also point to a drier weather pattern returning for Texas and the Plains.
Demand for pork and grains is helping propel prices in 2021, and USDA is forecasting it to be a record year.
The latest round of agricultural credit condition surveys from the Federal Reserve banks shows improved strength in the agricultural economy.
DC Signal To Noise: It’s time to take a closer look at the U.S. China trade relationship and the clock is ticking on the infrastructure bill.
Even with rains hitting areas of the Plains and Corn Belt last week, U.S. corn planting progressed to 95% complete, a five-point bump in a week and three percentage points ahead of last year’s pace.
The final days of May were soggy and cold for areas of the Plains, which was a sudden switch from the dryness headlining the weather year so far. The wet weather could dampen outlooks for winter wheat harvest in areas.