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Make or break rainfall forecast this weekend

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    Make or break rainfall forecast this weekend

    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?

    #2
    Don't think there is a very big chance of Kansas futures prices falling. Sideways to higher.
    I could be very wrong....

    Comment


      #3
      I didn't want to take the chance and wait for another "opportunity". The ride gets nauseating after a while.

      Comment

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