Dry to Wet

With the rain from earlier this week in our region, plus the storm today and perhaps another one this weekend impacting much of the traditional corn and soybean belts in the United States, there is basically no drought left in the highly agricultural regions in the central part of the country.   With so much talk about a La Nina coming, I was asked frequently this winter into early spring about the impact drought may have on commodity prices, instead, I said rain may be a bigger factor especially in the “I” states if the pattern doesn’t change with spring planting delays.  Still too early to say if recent and upcoming will have a significant impact on spring planting and although the end of the summer may end up dry, for now, rain is the problem.