Tue, Jul 17, 2018
3:40pm to 5:40pm
Weather risk in agriculture is ubiquitous. With remainder of 2018 growing season still ahead, this presentation will provide insight on how weather across the US and the world has impacted production agriculture. We will highlight the locations where significant weather stress (i.e., hail, winds, flood, drought etc) has impacted yields and analyze the regions that are most vulnerable to adverse weather moving forward. We will identify the garden spots and take a high resolution look at how weather has historically impacted yields/production across the US. Our attention will then turn to the weather forecast for the remainder of the summer for the entire US, and have a discussion on how weather will impact US corn and soybean yields. We will also discuss global weather patterns (i.e., El Nino/La Nina and the Atlantic Hurricane Season) and how the weather in China and Europe has impacted ag in those regions. We will finish with a preliminary harvest forecast and a brief discussion about South American agriculture.