Thursday's rain in central and Southern Plains, and in the western Midwest may be heavy. Later in the day and night the rain system eastward in the Midwest and into the Delta. » More DTN Weather Commentary
All indications point to a large global wheat crop this year. The most recent USDA report forecast global production at a record 716.09 million metric tonnes, up almost 11 mmt or 1.5% from last year's crop. Sounds bearish? Perhaps not so.