The drought that has plagued Midwestern America and the rest of the country is far from over. New reports show that corn, wheat and other commodities are low in supply, which accounted for today’s pop in the futures market. Simply put: the Midwest needs snow and lots of it. Several feet will be necessary to equate to the amount of rainwater that will make a material difference. Average snow depth across the Midwest for the first 11 days of January was 0.3 inches and that was covering only about 10.4% of the area. Ouch.
