Corn
It was blood bath in the grain markets with soybeans hitting multi-year lows to start the week, but growing drought concerns then sent markets higher. Dan Basse and Ben Brown explain what the trade is now watching.
If you’re aiming for a 200-bu. corn crop this season, be aware it will need at least 34 pounds of sulfur per acre.
Mexico claims because it is self-sufficient in GMO corn for food, it has not violated any trade agreements. Given the firm stances of both countries, it appears this situation will lead to a USMCA dispute settlement.
Farmers finding dead corn plants in their fields are texting pictures to Ken Ferrie, asking for help. Some of the culprits he’s found include wireworm, the carbon penalty, rootless corn syndrome and herbicide carryover.
Dow Inc. and New Energy Blue have announced a long-term supply agreement to produce bio-based ethylene from renewable ag residues, specifically corn stover.
The U.S. Drought Monitor says 26% of corn acres, 20% of soybean acres and 47% of winter wheat acres are in drought. The wheat crop has little chance of revival, but corn and soybeans have a long runway ahead of them.
Jerry Gulke, president of the Gulke Group, says the rally was both a weather and a technical recovery. The key is how long will the rally last and how should farmers position themselves in the market?
A quick planting pace and the possible return of El Nino meant traders have not been focusing on any weather issues. However, with drought continuing to expand, a U.S. weather market might be back in play.
Reclaim is designed to help soils warm up faster, resulting in more uniform seed emergence and better plant stands.
Illinois’ Jack Shissler hit major dryland corn yields in 2022: “Boiled down, my yields were about choosing the right variety and applying fungicide. Variety and fungicide—that’s where it was at.”