Corn
Analysts at Wolfstreet believe the U.S. is seeing the first hint of an EV effect on gas demand. John Phipps looks at the data and explains why a possible peak in U.S. gasoline consumption could impact ethanol demand.
Several factors converge making corn rootworm, black cutworm and true armyworm a high concern this season.
Sluggish exports continue to be the main theme in the grain markets with USDA cutting both old and new crop ending stocks. Arlan Suderman of StoneX Group says the bigger story moving forward might be soft corn demand.
Last week, 34% of the U.S. corn crop was covered in drought, and this week it jumped to 45%. The second crop conditions ratings of the season from USDA-NASS confirmed dryness is starting to deteriorate crop conditions.
A concentration of smoke over a period of several weeks could contribute to lower temperatures and fewer growing degree units for row crops because of reduced solar radiation.
With more than 90% of the corn crop now planted and growing in 12 key states, it’s time to look for evidence of Pythium, Fusarium and Rhizoctonia. They’re often overlooked because they work underground to steal yield.
Much of the eastern Corn Belt is currently experiencing drought. Dry conditions have been parked in the western region even longer. Low subsoil moisture is a concern, and short-term dryness is compounding the issue.
After consecutive years of drought, some areas of Texas are now breaking records for the wettest May ever. With most of their crop left to plant, it’s forcing farmers to make some tough decisions and crop changes.
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.