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Advisor

Weather/markets: a bit cool

A new report today from EarthSat weather is predicting continued "cool conditions across the western Midwest, northern Plains, and Prairies, which will maintain slow early growth of spring wheat and corn. The company's latest 31-60 day outlook also is trending a "bit cooler" across the southeastern Plains and Delta. Sounds as if these areas will be "well watered," though.

 

How much does one factor the early growing season into a marketing perspective, temperature in particular, I wonder?

 

John

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Senior Contributor

Re: Weather/markets: a bit cool

Years ago, a cool/cold summer spelled disaster for corn.  Then, 2009 came around.  2009 was one of the coldest summers I can remember.  It was also one of the largest crops I've ever produced.  The biggest problem with the crop was that it never dried down.  Typically, most around here don't harvest corn until it gets down into at least the 16-17% moisture levels.  The 09' crop never seemed to want to get below 20%. 

 

I don't plant any long season corn because my bins don't have air.  A cool summer won't affect my 102-105 corn as much as those planting 112+ corn.  Over the last three years, there's been quite a shift away from wheat on dryland acres in favor of corn.  There's a tremendous amount of continuous corn going in this year on dryland.  A cool summer will be a huge benefit for these acres.  As long as we don't get freezing temperatures, a cool summer might be just what we need around here because of the massive amounts of dryland corn being planted. 

 

I doubt early growing season information affects marketing perspective for most because of federal crop insurance.  Going into the year, we all know what our average yields are.  Plus, we know what level we have insured.  However, those in areas that have little to no corn planted are more than likely changing their marketing perspective.  If wet cold weather persists, most of them will probably be looking at prevented plant rather than thinking about marketing any grain.   

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Frequent Contributor

Re: Weather/markets: a bit cool

Summers of 1992 and 2004 also rank among the coolest ever recorded, and record national yields were scored in both years

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Advisor

Re: Weather/markets: a bit cool

   In 2004 it was so wet here in NW Ohio I only planted about 100 acres when more rain came, ruined what was planted and I didn't plant anymore.   Didn't even look at the combine that fall.

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