reply to post by xstealth
I checked with my brother the Iowa farmer. Our old farm has a few low areas where water is standing and the corn is yellow. But all and all our land
is looking like it will produce towards that 200 bu/ acre we all hope for. Our area (western Iowa) is getting nice little regular rains.
What I'm saying is that there is probably nowhere that is hurting for rain in the midwest so the areas that aren't flooded should do well and
compensate at least partially for the floods. I think there will be a lot of happy farmers although it is still early in the season. Wet weather
hampers harvests too.
The other factor is that there is truely a world market in corn these days. The midwest is no longer the biggest player in the game. Brazil now
produces over half of the world corn market (53 million tons of a total of 95.1 MT). The USDA forecast for the US corn is down to 11.7 billion bu.
down from 12.1 BB acc. to the article I read. That's only 3% but I've seen predictions in the range of 10% less.
Wet weather affects other crops in various ways, too. Moist conditions lead to rot and decay, cool weather harms some crops like tomatoes and pickles,
muddy fields prevent harvest, etc.
