Summer Market Outlook:
Rain Ready By Matthew Naeyaert, GreenStone Capital Markets Senior Credit Analyst, and Nick Jablonski, GreenStone Capital Markets Credit Manager
All eyes are on the weather report at the moment, as drought conditions persist across much of the country. These weather concerns, combined with continued strong export demand, have helped to extend the grain market bull run that began in late 2020. Michigan has been particularly impacted by drought conditions, with 99% of corn and soybean acres located in either severe or extreme drought in June according to the U.S. Drought Monitor. Wisconsin has enjoyed more favorable conditions; however, drought is still a concern with 45% of corn acres and 44% of soybean acres in severe or extreme drought throughout the state. It is still early in the growing season, but improvement in weather conditions, particularly more rainfall, will be critical for yields this fall.
13
Summer 2021 — Partners
