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Veteran Advisor

Early Harvest?

I'm wondering if early harvesters will be ignoring the September corn futures contract more so than other years, due to weaker price.

 

Not price, but advanced crop development could mean an early harvest for you or your neighbors, perhaps? What do you hear?

 

And if there is an early harvest, that September contract is not appealing at all, right now.

 

So, with no rush to get the crop to market, will corn sit in the field longer than normal?

 

What say you?

 

SepCorn.png

 

Mike

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6 Replies
Advisor

Re: Early Harvest?

Crooks
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Honored Advisor

Re: Early Harvest?

No change here, it needs to be 18% to fire up the combine.

Close on enough storage to just tin can it
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Honored Advisor

Re: Early Harvest?

A guy was hauling old corn and getting a 140 ft grain leg put up, so there`ll be delivering old crop for a while yet   Smiley Happy  Seems like every year someone vows to let the corn sit and others harvest with moist in the high 20`s to avoid phantom losses, but all it takes is for someone to start and it`s off to the races.  Around here a lot of corn hasn`t dented yet so it`ll be into October before it really gets going.

 

Corn price around here will jump a dime as the calendar turns to September. 

 

 

Corn
Location Delivery Start Delivery End Basis Month Futures Price Change Basis Cash Price
New Hmptn 08/01/2018 08/31/2018 Sep 2018 353-4 1-0 -38.00 $3.15
New Hmptn 10/01/2018 10/31/2018 Dec 2018 367-6 1-0 -42.00 $3.25
New Hmptn 12/01/2018 12/31/2018 Dec 2018 367-6 1-0 -40.00 $3.27
New Hmptn 01/01/2019 01/31/2019 Mar 2019 380-0 1-0 -48.00 $3.32
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Veteran Advisor

Re: Early Harvest?

It's interesting that somebody posted on my Twitter feed a video of shelling corn, already, for a feedlot. This guy says it's a first for him, shelling in August.

 

So, what I'm really saying in the original post is that it seems that agronomics not economics is driving this year's 'harvest bus'. Crops going to be ready early, due to a faster growing pace, this year.

 

Mike

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Senior Contributor

Re: Early Harvest?

Good lets just get it over with since nobody wants to get the rust of the old disc.

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Honored Advisor

Re: Early Harvest?

Weather pushed this crop, not genetics.

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