A series of Lows, to move through the 4 corners area, bringing forecasted rain to HRWW growing areas this weekend. Critical for the timing of the crop and the condition. If the rain models fail to develop, will likely see some bigger moves upward in Wheat futures.
24hr,
http://www.intellicast.com/National/Surface/Forecast24.aspx http://www.intellicast.com/National/Surface/Forecast24.aspx
36hr,
http://www.intellicast.com/National/Surface/Forecast36.aspx http://www.intellicast.com/National/Surface/Forecast36.aspx
48hr,
http://www.intellicast.com/National/Surface/Forecast48.aspx http://www.intellicast.com/National/Surface/Forecast48.aspx
Question is, if the forecast holds, and they get the needed rain, How far/much will wheat prices fall, considering the bias is currently for rain?
24hr,
http://www.intellicast.com/National/Surface/Forecast24.aspx http://www.intellicast.com/National/Surface/Forecast24.aspx
36hr,
http://www.intellicast.com/National/Surface/Forecast36.aspx http://www.intellicast.com/National/Surface/Forecast36.aspx
48hr,
http://www.intellicast.com/National/Surface/Forecast48.aspx http://www.intellicast.com/National/Surface/Forecast48.aspx
Question is, if the forecast holds, and they get the needed rain, How far/much will wheat prices fall, considering the bias is currently for rain?
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