KANSAS CITY — Several speakers referenced weather as the key factor in their grain and oilseed price and production forecasts for 2021, with details delivered by meteorologist Drew Lerner in the June 8 opening session of the Sosland Publishing Co. virtual Purchasing Seminar.
While there are some areas of concern, Mr. Lerner, founder and president of World Weather, Inc., Overland Park, Kan., forecast generally non-threatening summer weather for the US Midwest, conditions necessary to replenish tight corn and soybean stocks that in part have driven prices to multi-year highs this year. Subsoil moisture was adequate in the Midwest with a two-week margin to get crops into July, he said. Precipitation has been below average so far this season, but temperatures also have been cooler, which has helped preserve soil moisture supplies.
That will be crucial for the corn crop, much of which is…
