The dryness happening in North Dakota isn’t enough to be a market mover by itself, but add in South Dakota, Nebraska, portions of Minnesota and Iowa and things change. “There’s a significant area of the Midwest that is struggling for moisture and there are dry areas in the Northern Plains,” said Arlan Suderman, Chief Commodities Economist, Stone X Group. “Does that mean we’re going to have a short crop this year? It’s too early to say, but what the grain market is building in is the risk factor. These conditions make it more difficult to have a big crop this year.”
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