Good Morning WCWISC
Don't know about IA, but here in Cannon Falls, MN my local neighbor was our tilling up some corn ground yesterday. I thought it was pretty wet - it's wetter now as it started raining late in the afternoon and rained until 2 this morning - rain gauge totals about 3/4 of an inch. Lawn is greening up. We're heading up North today, will be going through some of the area that got 9 - 15 inches of snow last night. Other than my local neighbor out, I haven't seen anyone. I went by the Syngenta Research Station yesterday, nothing turning there. Still some snow in the shaded areas.
Beans - still up, up and away. Treating yourself with another (small) sale is probably in order here. I still think we have a ways to go before the top. But, a sale here is not a bad thing. Selling $14.00 Soybean Puts that expire this week probably wasnt a real good thing to do. I know a couuple of farmers that bit off on that one.
Corn - lots of time for this market to develop. I'd be still in no hurry to sell here - old crop. New crop, maybe a 5% of insurance guarantee wouldn't be so bad to get things rolling. when you can sell it for over $5.00. I thnik we have some time in this market - I'd still be patient.
Weatherwise, 6- 10 finally giving most of the US a break, but the longer range forecasts still suck, and they tell the story of the two airmasses this year, the North cold and wet. The South, hot and dry. I still see nothing to change that. Our weather patterns are moving again though, but the major systems are still coming out of Canada. We need to see something coming into the midwest out of the Southwest US, and that's what we've been lacking up here in the North country. We just can't seem to break out of winters grip quite yet. Maybe next week. Sorry Guys...
Jen
