Ana Maria | PEXELS

Jun 30, 2022

Extreme Weather Will Determine U.S. Crop Prices

As crop prices begin to ease, extreme weather may have a severe impact on U.S. crop output

Global grain markets are at a pivot point, with prices finally starting to ease after a surge earlier this year.

Climate change, however, has the ability to make extreme weather events more likely to occur and more severe, impacting U.S. crop output.

Bloomberg reports that some producers have seen intense floodwaters submerge acre after acre this spring. Scorching heat in the Midwest may have caused the loss of the top end of the yields and productivity.

Russia’s invasion of Ukraine has stifled exports from the region. The disruption has sent crop futures to near-record highs, with stockpiles extremely tight.

That’s adding to rampant food inflation and raising fears of global grain shortages.

Markets have finally started to calm in recent weeks on optimism that key producers like Australia and the U.S. will reap harvests large enough to help replenish shortfalls. That means every bushel counts.

Lisa Cleaver

Recently Added to Buyer's Guide

Ribbon Blenders

  • 5-cubic-foot unit features special three-piece grate designed with angled and pitched profile
  • All three sections of the grating have position sensors which interlock with the control panel, ensuring operator safety while running

Infinifeed Loop

  • Continuous feed loop system
  • Capacities available up to 1,800 bushels/hour

Loop Conveyor System

  • Can be used to fill and empty grain bins and flat storage structures or applied to feed processing and other conveying applications
  • Available in 8-, 10- and 12-inch diameters with capacities up to 10,000 bushels/hour

BioShield

  • 5-minute ELISA testing kit
  • Use a common extraction protocol for ease of use

Q-Sage Air Screen Cleaners

  • Separates grain by length and size to specifications
  • Numerous flow patterns available to accommodate each unique product and processing need

Vertical Blender

  • For reliable, gentle mixing of friable solids, abrasive materials and shear-sensitive products
  • For processing large volumes where floor space is limited

Magazine

Marketwatch: Aug, 18

US Corn Price Idx: ZCPAUS.CM

open: 6.6945
high: 6.737
low: 6.6326
close: 6.6866

US Soybean Price Idx: ZSPAUS.CM

open: 14.3219
high: 14.4169
low: 14.2107
close: 14.3029

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.3035
high: 8.351
low: 7.9626
close: 8.0508

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.3573
high: 7.4048
low: 7.0429
close: 7.0505