U.S. HRW Wheat 70% in Drought with NO Rain for 5 days + More Frost!Video: U.S. HRW Wheat 70% in Drought with NO Rain for 5 days + More Frost!
NOAA reported that U.S. HRW wheat was 70% in a drought ties the 2022 drought! USDA crop progress reported 47% of the HRW wheat in poor/very poor. The weather forecast looks wet and cool for the U.S. Midwest with snow for the Canadian Prairies. Central Brazil Safrinha corn crop looks dry for the next 2-weeks. Rumors that China was looking to but old crop U.S. soybeans out of the PNW. Kalsi (betting platform) has entered the commodity space with bets of where corn futures will be in the future. Trump extended the Iran ceasefire indefinitely, but blockade remains while the ceasefire with Isreal and Lebanon was extended by 3 weeks + CFTC.