As for climate change, it is smiling upon us. Our cool and wet summer means records harvests here.
A mild summer across much of the nation's heartland has provided optimum growing conditions for the nation's corn and soybean crops. Pair that with high-yield seeds and other new farming technologies, and the U.S. is looking at busting records come harvest time.
The U.S. Department of Agriculture already has predicted a record soybean crop of 3.8 billion bushels. And the corn crop, it said in July, would be large but not bigger than last year's record of 13.9 billion bushels. However, many market analysts and some farmers expect the USDA to revise expectations upward in a report based on field surveys that's due out Tuesday.
"Conditions look just fantastic across most of the country," Texas A&M University grain marketing economist Mark Welch said.