Oct 1, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

Current Marketing Thoughts

RSS By: Kevin Van Trump, AgWeb.com

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

It's not how you start...but rather how you finish!

May 01, 2013

 Corn bull's, staring down the barrel of the slowest planting pace ever on record, they seem to be already discounting 1.0 to 2.0 billion bushels of US corn production on the reduction of yields and fewer corn acres going in the ground. I have heard many estimates floating around the past few days, and the consensus is we are definitely going to producer fewer bushels than the 14.63 billion projected by the USDA in the February Ag Forum. I am currently hearing estimates ranging from 12.5 to 14.2 billion bushels as being more realistic. Before you get overly bulled up just keep in mind it is still "EARLY." Keep in mind these are all wild guesses at this juncture, as the "June Moisture" and "July Heat" will be the key ingredients in the overall recipe for total US corn production.  Remember, we have had some very big crops that went into the ground late. The forecast for next week and beyond will remain the key to the equation. If it stays wet and cool look for the trade to become even more nervous and add more premium, a warmer drier outlook and the premium gets sucked out even quicker then it was added. 

To receive my free report click the link below and I will send it directly to your email.

Click Here

Log In or Sign Up to comment


No comments have been posted, be the first one to comment.
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions