The six to ten day outlook for temperatures in the US (from www.cpc.noaa.gov) shows a large area of much below normal temperatures in the Northern Plains, leading to some concerns about an early frost along the US-Canada border. If it happened, it would have the potential to drive corn prices up significantly. AgWeb published two articles today which describe some of the impacts of an early frost on corn prices. The first, from Bloomberg, discussed the potential for frost affecting corn yields in the Canadian provinces and North Dakota and how that is affecting corn prices. It also discussed the impacts of recent cool and wet weather on wheat quality in the upper Midwest. The second, from Dairy Today: Know Your Market, discusses strategies producers can use to manage their feed costs if an early frost sends corn prices skyrocketing.
Meanwhile, AgWeb‘s Innovation Editor Ben Potter discusses the possibility that changes to atmospheric circulation due to loss of Arctic sea ice could bring the “polar vortex” to the eastern US more often in the future. You can see that article along with a short video on what the polar vortex is by clicking here.
