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04-19-2013 08:32 AM - edited 04-19-2013 10:27 AM
Check this out: This is looking off the back porch onto a golf course at a friend of mine's house up in New Prague, MN. Shouldn't we be closer to waterskiing than cross-country skiing?!
326%. That's the percentage of normal precipitation Cedar Rapids, Iowa, has received over the last 30 days. That's just one of the major anomalies we've seen in the Plains and Corn Belt. Talked to some family out in NWKS yesterday, and they had to dig out the snow shovels again out there.
Shaggy, how's the wheat looking this morning? Think it'll survive last night's temps? Man, that crop's got 9 lives this year, doesn't it?
Corn's in the black, but beans and wheat are in the red. So, which side of the soil recharge/planting delays story will traders trade today?
04-19-2013 09:33 AM
Looks like we've got our answer...from the newswire:
--U.S. corn futures rises on continued concerns about Midwest planting delays
--Corn stabilizes after falling near bottom end of the week's trading range
--Prices also supported by expectations for partial Mississippi River closure amid flooding
CHICAGO--U.S. corn futures are trading higher Friday morning, staying within their trading range for the week as traders remain concerned about planting delays in the Midwest.
04-19-2013 11:56 AM
04-19-2013 12:27 PM
wheat & beans catching pretty good bid today---------------Corn K/N has got some good up pressure on it w/ Dec leading on plant worries------------May shouldn't be too far behind.
04-19-2013 02:17 PM
Jeff, Im not thinking about loss yield potential as much as acres that wont be planted. It was snowing here an hour ago and Im on the Michigan/Indiana line. I have never seen it snow this late into April. My prediction of the 2013 corn growing season is at least 3 million less corn acres than USDA predicted a month ago. Next weeks rain and snow front will seal the coffin for much corn getting planted in ND.