The big question for grain markets on Monday concerned the US frost at the weekend.
Was it a crop killer?
The answer appears to be "no", at least not on any large scale.
"Locally we had some frost but I don't think it did much damage," said Mike Mawdsley at Iowa-based broker Market 1.
In fact, it looks like there was a small pocket around northern Minnesota where temperatures fell below 30 degrees Fahrenheit (freezing is 32 degrees), the kind of level which might cause losses, but that was the exception.
'No notable crop damage'
Weather service MDA said: "Frost occurred across north central Iowa, north central Minnesota, northwest Wisconsin, and northeast South Dakota on Saturday, but no notable crop damage occurred."
And the six-to-10 day forecast has trended "warmer" in the Midwest, besides a little wetter in the central and southern Plains, which looks good news apart from for farmers attempting winter wheat planting.
"Active rains... will continue to ease long term dryness, but will slow winter wheat planting," MDA said.
Still "spring wheat harvesting should continue to progress well in the northern Plains and Prairies".
Was it a crop killer?
The answer appears to be "no", at least not on any large scale.
"Locally we had some frost but I don't think it did much damage," said Mike Mawdsley at Iowa-based broker Market 1.
In fact, it looks like there was a small pocket around northern Minnesota where temperatures fell below 30 degrees Fahrenheit (freezing is 32 degrees), the kind of level which might cause losses, but that was the exception.
'No notable crop damage'
Weather service MDA said: "Frost occurred across north central Iowa, north central Minnesota, northwest Wisconsin, and northeast South Dakota on Saturday, but no notable crop damage occurred."
And the six-to-10 day forecast has trended "warmer" in the Midwest, besides a little wetter in the central and southern Plains, which looks good news apart from for farmers attempting winter wheat planting.
"Active rains... will continue to ease long term dryness, but will slow winter wheat planting," MDA said.
Still "spring wheat harvesting should continue to progress well in the northern Plains and Prairies".
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