The Goodnight Report for April 24, 2009

Published on: 18:23PM Apr 24, 2009
The second biggest US corn state Illinois is too wet and will get receive even more heavy rain on the weekend in strong thunderstorms. The possibility of planting delays is looming for the second year in a row. Growers would prefer to plant their corn before May 1st to obtain the highest potential yield, but soggy fields will be a deterrent. As of April 18th, only 1% of Illinois corn was planted, according to USDA, compared with 23% on average for the past 5 years.

View full report: Should Midwest Growers Worry About Planting Delays Reducing Corn Production? Not Necessarily

China’s inability to produce sufficient soybeans for domestic needs is related to the climate on the Manchurian Plain, where the growing season is short and spring rainfall is unreliable. China's largest soybean province Heilongjiang is also the furthest north, where the climate is cool. One of the biggest climatic constraints is spring drought that delays seeding and thus shortens the growing season. May rainfall may be unreliable arriving late in the month and producing variable amounts of moisture.

View full report: Climatic Constraints in Northeast China Explain Large Soybean Import Needs

The production outlook is promising for soft wheat varieties used to make crackers, snack foods and pastries. But bread wheat supplies from the Great Plains may shrink 15-20% below last year. Prolonged drought in the Southern Plains and freeze damage in Oklahoma and Texas explain why hard red wheat production is pegged sharply lower.

View full report: Soft Winter Wheat Prospects Favorable, Hard Red Winter Wheat Down Sharply from Year Ago

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