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A swath of moderate to locally heavy rain is in store for the southern and eastern Midwest Tuesday, focusing on the Missouri Bootheel and Ohio Valley. We'll see a drier trend in the remainder of the primary U.S. and Canadian Prairies crop regions. Temperatures will be mild in northern and central areas, and hot in the southern sections. This combination is mostly favorable for crops; however, recently-hot conditions are diminishing soil moisture in the Southern Plains for wheat planting. » More DTN Weather Commentary
All indications point to a large global wheat crop this year. The most recent USDA report forecast global production at a record 716.09 million metric tonnes, up almost 11 mmt or 1.5% from last year's crop. Sounds bearish? Perhaps not so.