From Reuters (Karl Plume):
Rains forecast for the northern Midwest and Great Plains this weekend and next week will bring relief to some areas. But the severe moisture deficits suggest crop yields in key U.S. production areas remain at risk.
Drought has already scorched much of the U.S. West, prompting farmers in California to leave fields fallow and triggering water and energy rationing in several states.
Crop development in the central U.S. is highly watched this year as grain and oilseed prices hover around the highest in a nearly a decade and global supplies tighten…
About 41% of Iowa, the nation’s top corn producer and No. 2 soybean state, was under severe drought as of Tuesday, up from less than 10% a week earlier, according to the weekly U.S. drought monitor published on Thursday…
Conditions in North Dakota, the top producer of high-protein spring wheat that is used in bread and pizza dough, remained dire, with about two-thirds of the state under extreme or exceptional drought, the most severe categories.
October to April was the driest stretch in North Dakota history since record keeping began 127 years ago, Gov. Doug Burgum told a town hall meeting in Washburn, North Dakota, on Wednesday…
More than 100,000 acres, or 156 square miles, of North Dakota have already burned in wildfires this year, up from about 12,000 for the entire fire season last year, Burgum said…
Drought in the western Corn Belt has already likely trimmed the U.S. corn yield average by 2 to 4 bushels per acre, said Dan Basse, president of AgResource Co in Chicago.
However, conditions in July and August, critical months for corn and soybeans, respectively, will determine the extent of yield losses and the price response, he said.
Grain and soybean futures on the Chicago Board of Trade fell sharply on Thursday as rain in the near-term forecast triggered risk-off selling.
