08-30-2013 09:58 PM
These fields were green 10 days ago. I've never seen crops burn up so fast. Looks like the cool temps earlier were hiding a lot of the drought stress. It's been a difficult year. 14" of snow in May. Wet as he11 till the end of June. Now this............
08-30-2013 10:02 PM
All but the way late stuff in central Iowa looks exactly like your corn picture. Mine included.
I saw a few beans like that around Grand Junction, Iowa. Many will be there next week if we miss the rain this weekend.
08-30-2013 11:08 PM
Wow........the boys in Chicago have some serious rationing to do........But the question is, willl the USDA let them? They have really painted themselves into a corner. And it appears that there is now only one way out. That direction may be straight up.
08-31-2013 01:09 PM - edited 08-31-2013 01:11 PM
I wouildn't count on it. Only way we go higher is if the pipeline goes empty and someone can't source a supply....until then, the party goes on forever and the USDA funny numbers prevail End of Story.
A_holes are puckering over at RMA. There will be a need to maintain prices near spring guarantee to avoid huge payouts....so don't look for the cat to be out of the bag until all accounts are settled.
A neighbor is an agent, and unfortunately I have all the adjusters in the area on speed dial from last to clusterforks in 2011 and 2012. Word on the street is we;re looking at a worse case scanario on beans vs 2012....and there will be plenty of corn claims piling in.