1. U.S. Corn, Soybean, and Wheat Weather Outlook Mike Tannura Owner, Meteorologist and Agricultural Economist T-storm Weather, LLC Advance Trading Chicago, Illinois April 12, 2013

2. Major Drought Lingers Source: High Plains Regional Climate Center

3. U.S. Winter Wheat Production 2006 - 2010

4. Precipitation (Percent of Normal) Weighted By U.S. Crop Production 180-Day Period Ending Yesterday 39% of HRW wheat in drought, compared to 2% of SRW wheat and 10% of corn

5. Winter Wheat Rated Poor and Very Poor As of Monday, April 8 Includes more than 50% of wheat in Nebraska, South Dakota, and Texas

6. U.S. Corn Production 2006 - 2010

7. Source: National Weather Service Much of the central / northern Plains and Corn Belt were wet over the long term Precipitation Percent of Normal, 180-Day Period Ending Yesterday

8. U.S. Corn Yield 1960 - 2012 Data source: National Agricultural Statistics Service

9. U.S. Corn Yield 1960 - 2012 Data source: National Agricultural Statistics Service Yields represent the departure from the linear trend over 1960-2012

10. U.S. Corn Yield and Lagged September-April Precipitation* 1960 - 2012 * Precipitation in Illinois-Indiana-Iowa Data sources: National Agricultural Statistics Service, National Climatic Data Center Yields represent the departure from the linear trend over 1960-2012

11. Snowpack Yesterday at 1 AM Central Time Snowpack is widespread from the Canada Prairies into the north-central U.S.

12. Snowpack One Year Ago Yesterday at 1 AM Central Time Snowpack is widespread from the Canada Prairies into the north-central U.S.

13. Coldness and Jet Stream Cannot Move With Snowpack

14. Ongoing / Upcoming Pattern Likely To Limit Corn Planting

15. Neutral Conditions Exist And Are Expected To Continue – El Niño or La Niña Conditions Do Not Exist

16. Data source: Climate Prediction Center

17. Data source: Climate Prediction Center, National Agricultural Statistics Service Neutral conditions persisted 10 times over January-October since 1960 1960, 1961, 1962, 1967, 1979, 1980, 1981, 1990, 1993, and 2004 Neutral Conditions

18. Data source: Climate Prediction Center, National Agricultural Statistics Service Neutral conditions persisted 10 times over January-October since 1960 1960, 1961, 1962, 1967, 1979, 1980, 1981, 1990, 1993, and 2004 U.S. Corn Yield and Neutral Conditions

19. March Temperature Across Illinois-Indiana-Iowa 2004 - 2013

20. 10 Coldest Marches Across Illinois-Indiana-Iowa 1895 - 2013

21. July Temperature Across Illinois-Indiana-Iowa After The Coldest Marches 1895 - 2013

22. July Precipitation Across Illinois-Indiana-Iowa After The Coldest Marches 1895 - 2013

23. Thank You! Questions? Mike Tannura Owner, Meteorologist, Agricultural Economist Email: mike@tstorm.net Website: www.tstorm.net Phone: (312) 638-0993 Toll Free Phone: (866) 475-7370