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After delaying planting in spring due to widespread floods throughout the Midwest, farmers are now hoping to recover from yet another obstacle: an early blizzard, the Wall Street Journal reports.

The big picture: Historic flooding in the spring led farmers to delay plantings due to drenched fields. An uncharacteristically early blizzard in northern states in recent days has only amplified the race to harvest, with farmers scrambling to pull their crops before they freeze.

  • Late plantings have left crops immature and in need of even more time to grow. In the 18 highest corn-producing states, 58% of crops were mature by Oct. 7, compared to an average of 85% at that point in the previous 5 years, according to the USDA.
  • The storm dumped between 1 and 2 feet of snow from Colorado to Minnesota.
  • “We know the snow’s going to be a disaster,” South Dakota farmer Roger Rix told WSJ.

Of note: Farmers — especially those who produce soy — have also been struggling with fluctuating demand in the face of the ongoing U.S.-China trade war.

What to watch: Farmers say this round of snow could delay harvests by an additional 3 weeks — leaving them just on the brink of winter's full blow.

Go deeper: In photos: Staggering destruction from historic flooding in the Plains

Go deeper

Dan Primack, author of Pro Rata
19 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.