Markets are softer to start Turn-Around-Tuesday. The USDA released their weekly crop progress report on Monday afternoon. US corn planting is 92% complete vs 83% last week and 100% last year. US soybean planting is 77% complete vs 60% last week and 96% last year at this time. The US corn crop is said to
As producers are racing to harvest forage, plant crops and beat the weather, you may rush the harvest process and ensile forages that may be too wet. The first chart below highlights the risk of butyric acid being prevalent as dry matter decreases. In this scenario, they run the risk of a clostridial fermentation and
On Tuesday, the USDA showed us an aggressive acreage and yield revision on corn, and Wednesday’s weather forecast turned more wet in the Eastern Corn belt. USDA lowered 2019/20 U.S. Corn ending stocks by 810 million bushels from last month to 1.675 billion bushels. The
The past week has been very productive in Wisconsin. According to the USDA Crop Progress Report, corn is at 78% planted in Wisconsin, which is up 20% from last week. Soybeans are at 60% planted, up 26% from last week. The crops that have emerged are off to
After a drier than forecasted weekend and more planting progress than expected, the initial trade was lower yesterday but as funds and end users positioned for what promises to be a news filled and volatile day of trade with the USDA S&D report due out
Markets are trading both sides of the market. The market is watching the weather become drier giving opportunities to plant in the next couple of weeks. Funds are rebuilding their shorts. USDA is releasing their next supply and demand report next Tuesday 11am. Look for a possible revision of potential yield on corn and beans.
As we head into June it continues to be a challenge getting into the fields, but everyone is working well with what we have. This wet spring has created favorable conditions for corn diseases including northern corn leaf blight, gray leaf spot and even tar spot. Don’t wait until you see symptoms in your field.
Another warm sunny stretch has planting progress moving forward. Seed getting into the ground has caused the markets to back up just a bit. However, there is still the opportunity to capture $4 corn for fall 2019. The crop progress report was released yesterday 6-3-19. US corn planting is up to 67% planted which is
On this short trading week there have been multiple events that have been making the market moves. Corn, beans and wheat have all jumped up significantly. A few reasons for the market moving contributes to weather, plant progress and more tariff talks. Everyone who turns on the news hears the devastation across the U.S. about