The Water the Wheat Needed?

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A week ago yesterday, I had the pleasure of speaking to the Kansas Feed and Grain Association. While chatting with the attendees, several commented the 2012 winter whet crop could use "one more rain" before harvest.

So, here is the rainfall for the last seven days and we see that many areas received that rain.
click to enlarge
Having driven through much of northern Oklahoma and southern Kansas Friday and Saturday while storm chasing, the wheat is the farthest along I've ever seen it at this point in the year. It looks great. If they can get it harvested without hail or undue rain delays it will be a bin-buster.

With the early harvest, many will plant a second crop of soybeans or milo.

In many areas of the world, grain is currently in short supply. Given this extra production and good prices, it will be a boom to the U.S. economy in general and the farm belt in particular.

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