Drought seems to affect the market

With the month of July in sight, things are starting to get exciting. Will the dry weather last long enough, or will changeable weather in mid-July throw a spanner in the works (with regard to the mood)? 

Direction is determined
The market seems to be choosing a direction for the first time. Traditionally, the price only chooses a direction in week 27 or 28, where the level of the futures market is often important. A price level in July of above €15 can be an important indicator for the further price development of the season. 

The fact is, however, that the old season is ending dramatically, after the previous months, which also went very poorly. The 'legacy' of the 2017/2018 season hangs like a dark cloud over the market of the new season, making a futures market level of €20 seem very far away today.

Drought
Yet the signals are over drought currently the most important drivers for the current market development. A relatively dry start at the beginning of the season (except for locally extreme precipitation) ensured relatively rapid crop development. This is also reflected in the Boerenbusiness Dutch Crop tour.

However, now comes the crucial phase of the tuberization and closing the crops (the longest day was on June 21), which will largely determine the hectare yield. The precipitation deficit is close to the 5% driest years.