Judging by phone calls over the last week it seems there is some uncertainty in which weed control program to go with in corn. This is understandable given the tight herbicide supply commonly reported. The biggest confusion though seems to be when one had planned on using a certain premix and cannot get it what would be a good replacement? Continue reading
Prices have been updated after the April 10th USDA Supply & Demand report. Please note that I added a row on the bottom with breakeven prices at average yields and the specified costs including variable, land and fixed cost. Prices will vary depending on location and buyers. Continue reading
Corn
In light of the March 28 Grain Stock’s report, this month’s USDA report was neutral to friendly for U.S. corn stocks but bearish on the world numbers. U.S. corn ending stocks increased 125 million bushels to 757 million bushels, but the trade was expecting on the average 824 million bushels. Continue reading
Some progress made in planting corn- finally! Producers have started planting the drier areas and most hope to be in full swing after we dry out from the rain tonight. Good news- we will have great deep soil moisture to help the corn crop in May and June. Bad news- corn prices have slipped and delays in planting mean some farmers are revisiting their planned corn acres. Continue reading
As reported by NASS on April 8, 2013
FARM ACTIVITIES SLOWED BY WET, COOL CONDITIONS
A mixture of a wet spring and below normal temperatures has delayed field activities. Corn planting, in particular, has been delayed and at week’s end was only one percent completed. This compares with the near record pace last year and the five-year average of 13 percent. The main farm activities last week included top-dressing wheat, fertilizer application and working livestock. The fruit acreage was budding and starting to bloom. The wheat crop, which is in mostly good-to-excellent condition, is in the jointing stage. Pastures just this week showed good growth. Cattle were in good condition. Continue reading
|
Price |
Change |
|
| U.S. Dollar |
82.63 |
-0.55 |
| Crude Oil |
92.95 |
-4.54 |
| Dow |
14,565 |
-14 |
Wheat prices are up while corn, cotton, and soybean prices are down for the week. A disappointing jobs report released Friday reflected weaker than expected jobs growth for March. This has led today’s decline in the Dow. Toward the end of the week the Bank of Japan unveiled changes to its monetary policy with the effects of a drop in the yen and strength in the dollar. Continue reading
There have been enough questions and marketing about the use of in-furrow insecticides, and specifically Capture LFR, in corn and soybean to justify some comments (granted a little late for comments about corn). Continue reading
Cotton prices are up while corn, soybean, and wheat prices are down for the shortened trading week through March 28. Grain markets responded negatively March 28 to the bearish grain stocks reports led mainly by surprisingly bearish corn stocks. Follow through electronic trading April 1 indicates the bottom has not yet been found. Corn prices particularly are having trouble with the larger than expected stocks. Continue reading