Recent Updates

UT Crop Marketing Update 3/31/2016

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Corn: The USDA released the acreage report at 11:00 AM today. This report caught the market off guard with a much larger than anticipated corn crop for 2016. In fact, the average trade estimate for the 2016 corn crop was 89.97 million acres. This was based primarily on the USDA’s Outlook Forum projection of 90.00 million acres of corn that was released back in February. Today’s report estimated that 93.60 million acres of corn will be planted in 2016. That is a significant increase over 2015’s levels and will be detrimental to U.S. corn prices. The increase stands to reason what many producers have been stating that they plan to do in 2016. Continue reading

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Soybean Burndown Options

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It is raining as I write and as soon as it dries corn planting will take priority along with some starting to think about early soybean planting. With the exception of Select Max, there is no major problem with planting corn right around a burndown application which makes it much easier than in soybean where many of the burndown herbicides have plant back restrictions. Continue reading

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