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All the rain in half the time

Lentils take 80 - 110 days to grow, and we talked to Marengo area farmer Richard Schmalzbauer exactly 60 days ago. It was his first day of seeding. 

"Right now I think the lentils might be under a little bit of pressure just with how wet it is. If it stays like this, the disease will start showing up."

He said that the Marengo area has had 4.5 inches of rain, but hasn't seen much flood damage yet. "The disease starts showing up when they close their canopy in, and it never dries up. But who knows it could get sunny again, and it sure beats how it started out."

It's too early to say how harvest will look. Schmalzbauer says the rain may have came too late for some guys. He also wanted to note that crops like canola are benefitting quite a bit right now from this wetter weather. 

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.