Everett Griner talks about the crop outlook for 2017 factoring in the weather in today’s Agri View.
Weather is Important for Crop Outlook
Market analysts were predicting another tough year for cotton and grain farmers back in early April. In storage supplies of all crops was above average and early planting intentions from the March survey was higher than expected. But still, market experts felt 2017 would be a better year than 2016. Now all of this optimism is based on what I have already mentioned. Stock, current market levels, and current market intentions. That is all they have to go by. Nobody factored in the weather. That is the determining factor in any crop year. A good growing season can only destabilize prices and they will fall. Long range forecasting calls for a long, hot dry, summer for some sections, especially in the southeast. So, all farmers can do is wait, and hope.
That’s Agri View for today. I’m Everett Griner…