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marketeye
Veteran Advisor

Re: Yield Results Reported

A follow-up call to my sources in Arkansas and Mississippi this morning finds that rain delayed corn harvest yesterday. Also, the dew is heavy. Dew has been sticking around until 12-noon each day not allowing for very good harvest conditions. The yields that are being reported are between 180-220 bushels per acre....irrigated corn. Though most of this corn in eastcentral Arkansas goes to the Arkansas River, the Mississippi River, or Tyson (poultry feeder), it's unsure which of the three has the highest cash price offer.

 

Photos of corn harvesting in both of those states are forthcoming. I want you to see the harvest wave. That wave is working its way into southern and central Illinois later this week, from what I'm hearing.

 

Mike

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marketeye
Veteran Advisor

Re: Yield Results Reported

Just spoke with an elevator operator north of Decatur, Illinois. One of the first loads of corn came in today. The yield was averaging about 100 bushels per acre. The test weight was 50 lbs vs. the area's normal of 55-59 lbs. The moisture level recorded between 20%-24%. On top of all of this, there are beginning concerns of aflatoxin. This corn was planted in early April. Because most of the crop won't be quite ready for another week or two, if you are cutting corn now, you're doing it for the wrong reasons, he says. The fields are showing green spots. In fact, the combine had to back up and go into a dead spot to avoid the green area, in some locations of the field.

 

He feels there will be a shortage of corn in the area. The local bid Tuesday was $7.46 for August delivery and $7.26 for the "All Fall" bid, meaning for the months of September, October and November. Great price, new highs even. But, the problem is because so many farmers already sold ahead so much, and now they are not sure what they'll harvest (100, 150, or what), they are sitting on their hands and waiting.

 

Mike

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marketeye
Veteran Advisor

Re: Yield Results Reported

A floor trader that farms (owns a farm) north of St. Louis, said a 38 acre corn field that was harvested this week recorded 200 bushels per acre. This is dryland corn that was planted early.

 

Mike

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pritchh
Senior Contributor

Re: Yield Results Reported

I thought the floor was over, 99% of volume is electronic?

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pritchh
Senior Contributor

Re: Yield Results Reported

at 25 bu/acre, isn't combining costs more than what 25 is worth?

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ngell
Frequent Visitor

Re: Yield Results Reported If it costs $180 to combine better get another combine.

 
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marketeye
Veteran Advisor

Re: Yield Results Reported

pritchh,

 

Where have you been? Good to hear from you.

 

Mike

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marketeye
Veteran Advisor

Re: Yield Results Reported

Combines Roll! Corn Harvesting in Mississippi

2011-08-23 11.23.00.jpg

 

The corn belonged to Larry Killebrew of Tchula, Ms.  The hybrid was Pioneer 2023 and was pivot irrigated.  This was around a 100 acre field and the average yield was 185 bushels.
Soybeans

 2011-08-23 13.47.16.jpg

The soybeans belong to both Crawford Logan and George Cunningham also from Tchula, Ms. The dryland yields are coming in from 18 to 30 bushels and the irrigated is 60 plus bushels to the acre.

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Jeff_a_Caldwell
Senior Contributor

Re: Yield Results Reported

I chatted with a farmer in central Illinois last night who said 6 of his neighbors started picking corn yesterday. Just chatted with another farmer over in north-central Indiana who said he's about 3 weeks away. Said they'll be lucky to get 160 bushels out of their better ground. Said the beans look pretty good there, though.

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marketeye
Veteran Advisor

Re: Yield Results Reported

Allendale Inc. releases yield survey data Tuesday. This survey includes 24 states:
                                               Corn         Soybeans
2011 Survey Yield                  147.7           40.7
2011 Survey Production         12.466         3.007

 

The yield guesses just keep getting smaller, don't you think?

 

 

Mike

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