Weather Forecast - Nov 7, 2011
From Course talk:FRE501
Heavy rain is expected in the central/western Midwest and Plains states from Nov 7 to Nov 9, Wednesday. This is good for a hard-red winter wheat crop by providing moisture. And the rain will make harvesting harder in the western Corn Belt, but this does not cause significant concern because harvesting is almost done. And weather forecasts expect little rain in Ohio, where there is a lot of corn and soybean harvesting to be done. No extreme weather forecased in the US, so the weather would be a factor that could cause commodity price to move downward.
Reference http://www.agriculture.com/news/crops/western-cn-belt-seeing-big-rains_2-ar20446 http://www.usda.gov/oce/weather/pubs/Daily/TODAYSWX.pdf