While rain pours in parts of the Midwest farmers in southern states are moving right along with corn and cotton planting. This week put Texas ahead of planting average while other states are just getting started.
China is expecting soy meal demand to increase between 7 to 8 percent for soybean meal this year, according to Sue Martin, president of Ag and Investment Services. She said corn demand is also increasing, but demand runs allusive.
There’s a lot of ownership of old crop corn in the U.S.
If weather stays on track, farmers in the north can expect to get planting started earlier, which could lead to more opportunities for corn acres in some states.
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