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Veteran Advisor

Illinois Plantings Remain Sadly Slow

I wonder what the basis prices are going to be after Monday's USDA Crop Progress Report. Here is the report. And, wow, Illinois farmers are taking the biggest haircut on corn and soybean planting paces.

 

Full story: Illinois Farmers Are Not Even Halfway Finished With Corn Planting, USDA says

 

 

Mike

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4 Replies
Senior Contributor

Re: So, what do you think? Will Ind, ILL & Ohio try to plant their corn? Or will they give up?

So, what do you think? Will Ind, ILL, & Ohio try to plant their corn?  Or will they give up?

  33% of the crop unplanted, the better share of it in Ill, Ind, & Ohio. Roughly 30 million acres or 5 billion bushel.  How soon does corn go to $5?

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Senior Contributor

Re: So, what do you think? Will Ind, ILL & Ohio try to plant their corn? Or will they give up?

I tried informing you all. IMO still going to try for corn if it ever dries up.  No insurance no preventative planting, right now looking at more bean acres.  I’d never respect myself if I didn’t give it the old college try.  GL out there

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Frequent Contributor

Re: Illinois Plantings Remain Sadly Slow

The report showed that there could be 1 to 2 million that needs replanting but something that needs to be considered is the thousands and thousands of acres lost up and down the river bottoms flooded right now that there is NO possible way those acres get replanted to corn

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Frequent Contributor

Re: So, what do you think? Will Ind, ILL & Ohio try to plant their corn? Or will they give up?

Illini - Are you in business to fill your bins or your wallet? If you didn't buy insurance, or if you need feed for livestock, that's one thing. But if you're raising grain to sell like I am, don't let your pride get in the way of making a living. I was able to get 1/2 my corn acres planted. Now that we're past the final plant date, I am VERY happy to collect crop insurance on the unplanted acres, because while the insurance check is about half the normal revenue, I of course have almost no expenses as well - property taxes and the cost of some oats and radish seeds for a cover crop. I will try to get at least half my beans planted as well, but I almost got stuck yesterday just starting to work up the least wet field I have for that. I have one rented quarter with low APH's from a previous renter, so I don't have to have a great crop to make it pay, but for the rest, why risk my great APH's to mud in a late bean crop with so much uncertainty in the markets, weather, MFP's, etc. etc. ??  Do the math and make the best economic choice for your business. (and don't forget that a short crop helps the carry-out problem, making the math better in future years!)

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