Weather Concerns Drive Commodity Price Movement
“If we continue to see weak La Nina conditions throughout the summer, which some forecasts are calling for… it could be one of those years where we start off wet, and go dry over summer…”
He says California is facing the driest start to any year on record going back to 1893. With low levels in reservoirs and limited snowpack, Snodgrass is concerned for the livelihood of farmers in that region. With California’s Mediterranean climate, the dry season starts now, and there’s nothing to offset the drought through October. That’s a look at how the weather will play a huge role in the ag markets this year.