Weather continues to wreak havoc on corn, soy and other crops across the US after massive flooding delayed plantings this past spring. Harvests are now beginning to feel the squeeze as early winter storms are leaving fields covered in snow, which not only delays the harvest, but can also completely destroy planted crops with moisture. Costs are rising as farmers are running crop dryers around the clock to get grains, corn, and beans into storage before they mold, but some regions may have irretrievably lost 10% or more of their potential yield. While futures prices are yet to rally back to their Summer highs, largely due to US-China trade uncertainty, significant supply-side disruption continues coming down the pipeline.
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