Snow cover helpful in tight wheat market

Amid severe weather wreaking havoc in Texas, a positive was widespread snow cover blanketing the 2021 crop across most of the winter wheat states. The snow was especially welcome in the hard winter states, where the crop entered the winter months in sub-par condition and was considered more vulnerable than usual to severe cold. While the snow blanket across the Southwest was thin in certain spots, virtually the entire growing area had at least some protection from the cold.