As drought deteriorates across the U.S., it's a positive signal for growing a big crop in 2024. And analysts say if weather continues to fuel this year's crop, December corn futures could fall into the $3 range by fall.
There's now a 60% chance La Niña will develop between June and August and an 85% chance it's in effect by November 2024 to January 2025, according to NOAA.
The U.S. Drought Monitor shows drought coverage is now at its lowest level since spring of 2020, but USDA's topsoil moisture map shows it's still extremely dry in areas of the west and too wet in the east.
Experts are watching global dynamics to understand the input market’s longer-term outlook in the U.S. Among their top concerns are geopolitics, weather and low supply.
Brazil is seeing a sudden shift in weather with heavy rains now forecasted over the next two weeks. While it will bring relief to drought areas, it could cause harvest delays and issues planting the safrinha corn crop.
The National Drought Mitigation Center estimates 67% of corn and 60% of soybeans are still considered to be in drought, a slight improvement from last week when drought covered 70% of corn and 63% of soybeans.
Last week, 34% of the U.S. corn crop was covered in drought, and this week it jumped to 45%. The second crop conditions ratings of the season from USDA-NASS confirmed dryness is starting to deteriorate crop conditions.
After consecutive years of drought, some areas of Texas are now breaking records for the wettest May ever. With most of their crop left to plant, it's forcing farmers to make some tough decisions and crop changes.
Farmers in the Southern Plains are finally starting to see much-needed moisture hit their fields. It may be too late for winter wheat, but it’s a hopeful sign for those needing the rain to even plant summer crops.
Dry conditions spurred by La Nina weighed on areas of the Corn Belt in 2022. As La Nina fades, and El Nino starts to make a return, meteorologists say the weather shift could also signal better crop production in 2023.
The unfortunate reality is that agriculture’s current focus on water issues has been drowned out by all the noise surrounding greenhouse gas mitigation and climate change.
Farmers across South Dakota and eastern Iowa are breathing a sigh of relief into the weekend. That's after rains hit parched crops, relieving some major crop stress for now.
The U.S. Drought Monitor still shows signs of drought in the “Western” areas of the U.S. The monitor shows extreme drought in the Colorado and New Mexico region too.
Spring showers are here.
“Notice more moisture is in Texas, Oklahoma, Arkansas and even Louisiana,” says Clawson. “We start to pick up more moisture in the central part of the U.S. as well.”
There’s another weather system moving across the Southeast. AgDay Meteorologist, Cindi Clawson, warns those in the region may be dealing with more than just rain.
NOAA is forecasting the Gulf of Mexico hypoxic “dead” zone to hit 7,829 square miles in 2019. While this isn’t a new record, it’s significantly larger than the 5-year average.
The crop has had enough stress, right? Unfortunately, Mother Nature is relentless and corn pollination is one of the most vulnerable times of the year.
Farmers are in a tricky spot because of excessive rain, and it’s likely going to keep coming. According to BAMWX meteorologists, farmers in the central U.S. will likely see 2” or more rainfall in the next 10 days.