If you raise livestock or winter wheat on the Northern Plains, the brutal cold wave complicates your life and could cost you money.
But for other agriculturalists in this part of the world, the cold spell hammering much of the country doesn’t seem so bad. Cold on the Southern Plains threatens the winter wheat crop there, which boosts wheat prices. Soybean futures also have risen, at least temporarily, because colder conditions could increase demand for livestock feed.
(Farmers on the Northern Plains definitely welcome the heat wave that’s damaging crops in Argentina, a leading grain exporter)
Nobody enjoys a long stretch of sub-zero temperatures, of course. But cold weather is a lot easier to endure when it’s pushing up grain prices and potentially putting money in your pocket.