It is now past the prime reproductive period for small grains (spring wheat, durum, barley, oats, etc.), and the critical weather period for corn and soybean crops is getting very close. How the latter and several other elements develop over the next 30 days will affect markets. It is now past the prime reproductive period for small grains (spring wheat, durum, barley, oats, etc.). These crops are heading, and conditions have generally not been conducive to even average yields. Keep in mind that their yields have been off-the-charts good in the past three years. Minneapolis wheat futures moved $1.00/bushel higher with barely a pause until Wednesday’s weak close sent a tremor through that market. The map below shows North Dakota’s rainfall f...