"Ideals" weather conditions in the United States driving stock prices down
The fourth of July (independence day) is an striking Eckdatum for the assessment of income and prices for U.S. farmers. The corn and soybean planting is completed almost everywhere. The stocks ran up and provide preliminary evidence on the potential of crop, usually winter wheat is threshed to three-quarters.
This year in the run-up to several stormy rain fronts have been initially pessimistic mood. But the following weekly inventory estimates provided almost consistently good Bonituren on average. In the case of wheat, it remains in auswinterungs - line and the dry bad judging, but the wheat harvest is already about 80% completed. More surprises are to materialize. The 2014 U.S. wheat crop will be 2013 lower to 12 to 15% compared to the not great harvest.
The animal muster of corn stocks is "good to excellent" still cheap with an unchanged score of 75% on the past Sunday 06.07.2014. This also applies to the soybeans.
The weather forecast the next 10 days are crucial for the optimistic mood. In the wheat fields occur mostly dry weather, so that the remaining harvest work can proceed quickly. Rainfall decrease in the corn and soybean regions. "Ideal" conditions in terms of yield are predictable for the incipient Blüh and pollination phase. It should be not too dry and not too wet.
The stock prices took this development perspectives for the occasion on Monday after the long weekend after July 4 down to send the quotes. It has been achieved in the meantime a price low, being comparable with the low price level of the year 2010.
In the countries of the Black Sea is spoken with regional exceptions mainly by good yields.
Bad weather conditions in Europe are closely following though, but still not the great importance is attached to this development.
