Sep 16, 2014
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Current Marketing Thoughts

RSS By: Kevin Van Trump,

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Early Planting Takes Center Stage....

Mar 26, 2014

Corn traders are anxiously awaiting Monday's bevy of USDA data scheduled to be released at 11:00am CST. I will supply detailed thoughts and trade estimates in regard to this data in Thursday and Friday's report.  Outside of the USDA numbers the trade continues to monitor US export strength and the fact Argentine corn has quickly started to become more competitive (now thought to be at a $15-$20 per ton discount to US corn) and more readily available as their harvest starts to really gain momentum.  The trade continues to keep an eye on China as the bulls are concerned about the fact Chinese importers continue to reject MIR162 US corn varieties. Keep in mind, most in the trade now believe the Chinese have rejected over 900,000 metric tons of US corn.  The trade is also aggresively debating how the planting pace will progress this spring here in the US. Yesterday we digested reports that the Texas corn planting was just 20% complete vs. 47% last year and 43% on average.  Georgia has about 14% of their corn planted vs. 26% on average. AL, LA and MS did not release planting updates this week but I am thinking they are a bit behind schedule as well. Bottom-line, there are some definite uncertainties in regard to current soil conditions and the pace of early US corn planting. Click here for my daily report....   

Planting Delays Gaining More Attention: I know this might sound crazy, especially with snow falling and the ground still frozen across a major portion of the corn belt, but for a few producers across the US "early-planting" dates have already been triggered or are right around the next corner. I had the office put together a more detailed look that includes the specific "early plant dates" across the major production states. Remember, these are the first dates the corn and soybean crops can be planted and still be eligible for replant coverage. Any crops planted before the initial plant date would NOT be covered for the Federal crop replant benefit. The past few years we have seen producers in many locations pushing the envelope and rolling the planters a few days early or prior to these dates... That's just not the case this year!               CLICK HERE for my daily report..... 

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