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Weather conditions in South America during the spring planting season offer some mixed signals but point more toward a hot and dry start for most areas in the 2022-2023 season.
Heat with limited shower chances for the Corn Belt and cooler conditions down in South America are the short-term weather factors driving the markets Tuesday.
A third straight winter of cool Pacific equator waters brings an outlook for dry conditions in the Southern Plains and a snowy prospect over the northern tier of the contiguous U.S.
Heat will be spreading across the U.S. the rest of this week and continue through most of next week. Combined with limited showers and decreasing soil moisture, stress is likely during the most important time period for corn -- pollination.
The numbers are still coming in, but early estimates set the number of cattle lost to heat in Kansas feedlots this week at an estimated 10,000 head.