chicago / reuters Forecasts were for wetter weather in the U.S. Midwest this week, which will help the late-planted soybean crop but arrive too late to be of benefit to the drought-stressed corn crop, an agricultural meteorologist said.
The region was expected to get half to one inch of rain Aug. 8 and 9.
“Previously we were expecting 0.20 inch to 0.75 inch,” said Andy Karst, meteorologist for World Weather Inc.
Karst also said there were now outlooks for one to two inches of rain Aug. 9 and 10 for northern Indiana, southern Michigan, Ohio and Kentucky.
U.S. soybean inventories could fall to their lowest level in 32 years as the drought continues to trim U.S. soybean production prospects.