Week of August 1-7
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August 1 -31 weather Forecast:
The Temperature map got the Precipitation map added to it by my camera…. Interesting superimposed map…
US drought map
Markets down, especially Soybeans, Chinese factory output came in significantly lower than expected… stalling their economy…
Oil down, Soybeans very much at risk… but if world economy is in recession… and Russia allows Ukraine to export… last week’s grain price increases will evaporate…
Blessings and Salutations
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7 day rainfall forecast for the US
The markets seem to have bounced … Soybeans Dec
Only down 70 cents /bu right now…
US $ down to 105.7…
A good day to be short grain…
P.S.
Observation that there has been close to an 80% correlation between Crude Oil moves and US corn, and about 60% for US soybean recently. WTI down $4.85/barrel today.
ChyLast edited by TOM4CWB; Aug 1, 2022, 13:53.
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Aug. 20 2004 froze hard and turned all the wheat into 2.00 feed wheat.
Aug 20 this year would be ugly!
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Originally posted by seldomseen View PostAug. 20 2004 froze hard and turned all the wheat into 2.00 feed wheat.
Aug 20 this year would be ugly!
And our Sask crop spokesperson at the time said it was just lite patchy frost in a few low lying areas. She should have been fired within a week of that , completely clueless. It was nearly western Canada wide and devastating for most farms . Frost kills
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