07-28-2013 07:46 PM
first you need a 15 Billion USDA forecast.
07-28-2013 08:04 PM
Back in January the swing acres for this huge crop were going to be in North Dakota as all the farmers there were going to throw their muli crop rotations out the window and plant all corn. At least that is what the USDA said. 98% of all the corn seed purchased was returned in that state. The local pinto bean dealers have backed off their estimate for that crop by 1/3 for the entire U.S. as North Dakota didn't get those planted either...The last 3 days in western nebraska have seen highs in the 60's and lows in the 40's...Those temps don't make a crop! The corn belt put most of the corn in the ground under stressed circumstances and my experience is that when you start out with a below average start that you never end up with a bumper crop. The higher ups at monsanto estimate that corn seed sales over the entire country will not exceed 92 million acres and the gap of planted acres to harvested acres will be the largest gap in history...When farmers stand on national tv programs and say they are short of rain and are behind in maturity how can the markets keep going down? Like my old high school football coach use to say, "you can't make chicken salad out of chicken **bleep**"!
07-28-2013 08:06 PM
07-29-2013 06:04 AM
07-29-2013 06:20 AM
jenny, the real sleeper here could be the nc or jan.soybean market. we all know this corn crop is going to be adequate, right?? But.... 10's of thousands of acres of soys all over mn, ia, sd, wisc, that got planted late. I have some great looking beans, IF it was june 25th. If they triple in height, they will still be barely hip tall. The areas of iowa and minnesota that did get corn planted early still struggled to mud in beans until july 4th. My last field went in June 28. They have to make 30 before they can make 40. 60 bpa went out the window about june 5th. NO one will spray any fungicide on these and I've talked to people that said no aphid spraying 'cause it's a crop insurance claim anyway. I'm not talking 6 counties in iowa and 8 in minnesota. this is region-wide.
07-29-2013 07:17 AM