AgriTalk ATB: Corn Crop A Tough Call

July 20, 2018 05:45 PM
Karl Setzer joins Chip Flory on Friday’s AgriTalk After the Bell.

“I can stand on my porch and look one direction and see corn that will be every bit as good as it was last year, but if I turn 180 degrees I can see corn that will struggle to make 150 bushels for a yield,” said Karl Setzer on Friday’s AgriTalk After the Bell.

Setzer explained that will make it exceptionally difficult to predict corn yields this year and that “we may just have to wait until the combines are rolling to know what’s really out there.”

ATB host Chip Flory asked Setzer, with MaxYield Co-Op in Algona, (NC) Iowa, about the potential impact on basis.

Because of intensive hog production and ethanol production, north-central Iowa, as well as northwest Iowa and southern Minnesota that are inside the area of “wide-variability” in expected corn yields, corn demand is strong.

Setzer explained, “I could see some basis stregth come this fall, but the problem right now is there are still piles of 2017-crop corn sitting around to get used up.”

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Spell Check

San Frito, IA
7/23/2018 08:21 AM

  It looks to me that about every commodity producers works for below the cost of production. If commodity prices doubled it would only raise the price in grocery stores minimally. It is high time we held the world hostage and demanded an appropriate price for the things we produce. We do the most important thing. GROW FOOD. Do you think anyone can go without? I’m tired of celebrities and athletes getting more than they deserve when we are truly the ones deserving of better compensation.

Edward Smalley
Salem, IL
7/23/2018 08:03 AM

  This crop year in our area has been one for much concern and optimism. The current status of our corn is near the best crop to be grown in my memory (54 yrs farming). The crop is not made, but very close. From past memory, there is always an elephant in the room. The corn has grown so fast the the cobs have exited the end if the shuck and exposed the end of the ear to weather. Caution, this is how molds and aflatoxin gets started. I am sure that others have noticed this. Moral of the story- close, but we are not there yet and it ain’t over until it is over. Traders need to be nervous about this. ps. If the crop does make, I have a supply of cardboard boxes for sale.

Walton, IN
7/23/2018 01:12 PM

  Umm, Todd, I hate to tell you they already know. Ever heard of Sattelite data and mapping. Vegiative index and plant health is readily available to these firms. Not only that they hire folks to go out and scout fields and talk to elevators and other folks in production ag. It has little to do with farmers talking about yields.