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Commodities Briefing - Categorized | Agriculture, Market Moves more

Commodity markets watching the cold and wet weather

Posted on 04 May 2011

Agricultural commodity markets closed lower Monday afternoon At the top of list of things the market is watching is the rain delayed planting we are seeing in most areas of Central Illinois, said Brian Basting with Advance Trading.
Although the forecast calls for drier weather, cool temperatures remain. Basting said improved conditions have come to the Western Corn Belt, and parts of Iowa and Nebraska are planting, but the Northern Plains are still struggling, and it is very wet in the Eastern Corn Belt. Basting predicted most farmers in this area are probably still a week away from getting into the fields, and that is if we get no more rain and assuming warmer temperatures are on the way……………………………………….Full Article: Source


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