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I can't get that link to work. However, I'm here in North Dakota. From this wellsite up on the bluffs, I can see the Missouri River, spread over the bottoms south of Williston a couple of miles outside its banks. It hit an all-time record crest here this year, beating out all recorded previous crests. Those lands, normally irrigated, will not be planted this year.

Upland farms have had difficulty getting crops in because of extensive rainfall this spring (fields too wet), following record snowfall, including a blizzard in May. Where crops were planted, there are problems with mildew (rust, brown spot). Maybe it is different elsewhere, but this is a region which grows one hell of a lot of wheat, and most of the world's Durum (think pasta) is grown within a couple hundred miles of the Souris River--the whole area has been buried in snow or subject to very frequent rainfall. The runoff in Minot (another record river crest) is from this precipitation.

If the crops aren't in, there won't be a bumper crop.

Sugar beets along the Yellowstone and Souris River are a no-go this year as well--land that isn't still under water is too wet to put a crop in.

Maybe elsewhere will take up the slack, but with accounts of flooding and drought, all I see is someone creating a 'buying opportunity' by assuring everyone that there is plenty to go around. Depressed prices further stress producers who have been nailed by high fuel and seed costs for planting, where they even could plant, and Corps of Engineers, dike failures, and flooding have eliminated some of those crops as well.

Keep in mind that a Soros backed group is trying to buy up flooded farmland cheap, and depressed commodity prices for the harvest work hand in glove with that, regardless of supply.

Speculation can make money on market moves in both directions.

But my Mark 1 eyeball, even with its limited range, tells me there isn't any bumper crop happening around here, and people from 'the area' (200 mile radius) say they see the same.