Corn
Crop conditions continue to fall as extreme weather plagues this year’s growing season.
Shawn Hackett, Hackett Financial Advisors, says soybeans rally with corrective buying following meal, but corn and wheat end mostly lower ahead of USDA Reports.
Ag markets are mostly lower Monday except cattle and nearby soybeans. The record cash cattle trade is trumping the bearish Cattle on Feed Report, says Scott Varilek, Kooima Kooima Varilek.
Rootless corn syndrome, nitrates, carbon penalty, waterhemp woes and tar spot are bearing down on corn and soybean crops now. The good news? You can take action so they aren’t a drag on crop performance all season.
Chuck Shelby, Risk Management Commodities, says every year weather can make the markets volatile, making it difficult for farmers to price their grain or do risk management.
As of mid-June, nearly 20 counties across four states have already reported fields with tar spot. Timing fungicide applications will be critical to keep the disease from getting out of control.
Resistance and continuous corn are boosting populations of this yield-robbing pest.
The first of the company’s Prime product line, Envelix is a biological mixed into granular fertilizer before application to allow for simple integration into a grower’s established practices.
Block out time for crop scouting so you don’t neglect it. Any management and time you lavish on your corn crop as it goes through the pollination period is time well spent, says Ken Ferrie, Farm Journal Field Agronomist.
USDA’s corn and soybean ratings are down again this week amidst extreme weather events across the country.