Sept corn up ¾ at $4.23 Aug beans down 3 ¼ at $8.85 The DOW is up USD is stronger Crude oil down $.20 at $56.02 Good morning, Corn prices have tumbled by roughly -40 cents from their mid-June highs. The market struggles to generate fresh new headlines to keep the bulls fully engaged. Weather […]
Sept corn down 5 ½ at $4.2525 Aug beans down 1 ¾ at $8.9975 The DOW is up USD is stronger Crude oil up $.72 at $56.35 Good morning, Corn bears continue to point towards weakening demand, while U.S. crop conditions arguably improve ever so slightly on cooler temps and adequate moisture. Bulls backpedaled last […]
Grain and livestock farmers can both benefit from the recent rule change by the United States Department of Agriculture, which allows farmers who planted cover crops on prevented plant acres to harvest those fields beginning Sept. 1.
Despite the USDA raising 2018-19 marketing year ending stocks for corn in last Thursday’s WASDE report, corn prices moved higher to end the week. December corn futures prices returned to the levels seen before the surprising June Acreage report.
Even with rising corn prices, pork producers remain optimistic about future profits. For USDA’s June Hogs & Pigs Report, producers reported farrowing intentions on par with year-earlier actual sows farrowing, which were the largest ever. If realized, any increases in litter rates will continue to set pig crop records.
Crop budgets for 2020 have been released and made available on farmdoc. In addition, 2019 budgets have been revised in light of wet weather and late planting. Overall, low returns are projected in 2019 and 2020, particularly for soybeans. Current projections indicate corn returns will be higher than soybean returns.
As the growing season progresses, scouting is going to become very important in fields affected by flooding. Several diseases are favored by flooded conditions and understanding field history, crop susceptibility, and weather patterns can help you anticipate which diseases are likely to occur later in the growing season.
Sept corn up 5 at $4.4025 Aug beans up 5 ¼ at $8.93 The DOW is up USD is weaker Crude oil up $.61 at $58.23 Good morning, Corn bears continue to talk about an improved weather forecast that appears to include ample moisture and less extreme heat. Bulls aren’t really arguing nearby weather, but […]
Sept corn down 7 ¼ at $4.3375 Aug beans down 10 at $8.9175 The DOW is up USD is stronger Crude oil up $.35 at $59.93 Good morning, Corn traders continue to debate U.S. yield and total production. Somewhat surprisingly, the USDA’s weekly crop condition report showed a net overall improvement from last week, jumping from […]