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Weather volatility could persist this growing season

Weather volatility could persist in the grain markets throughout the upcoming growing season.

Glenn Wachtler with Compeer Financial says a decent Midwest snowpack has helped ease drought concerns.

“But I don’t think it’s going to be enough to pull us out of the longer-term dryness that we’ve seen. And certainly the soil moisture profiles we have right now are showing less moisture than really what’s needed to get us going.”

He tells Brownfield the Western Corn Belt is especially dry.

“That does lead to spring concerns. And while it might be good for our tillage, it certainly doesn’t leave a lot of moisture for that crop to have if we have any dry patterns develop with the La Nina weather pattern that we’re in.”

He points out spring weather could also influence planting decisions as corn and soybeans battle for acreage in 2021.

Wachtler made these comments during a Compeer: What’s Happening with the Grain Markets podcast, a content partnership with Brownfield.