Corn
The industry investigates the agronomic issue finding it can be attributed to many factors including environment, genetics and rapid growth stages.
Joe Kooima of Kooima Kooima Varilek says both live and feeder cattle futures gapped higher into all-time and contract highs again on Monday morning on the heels of the bullish USDA Cattle on Feed and Cattle Inventory Reports. Grains opened lower as weather is trumping export and trade news.
Despite USDA’s strong corn condition ratings, more agronomists and farmers are reporting pollination problems from what’s being called ‘overly tight tassel wrap,’ an issue that can’t be seen until you walk into your fields.
Scott Varilek with Kooima Kooima Varilek says both live and feeder cattle futures had a nice recovery and got within striking distance of the all-time highs set earlier in the week.
In addition to keeping a watchful eye for southern rust and tar spot, some farmers and agronomists have been surprised to find pollination issues due to “overly tight tassel wrap.” Let us know how your corn crop is faring,
Darin Newsom, Senior market analyst for Barchart, Inc. says grains are working on a lower weekly close this week with the early pressure Friday. Funds have had no reason to buy grains he says.
Jim McCormick, AgMarket.Net, says corn saw a dead cat bounce with 3-cent gains on light short covering and solid export news.
Randy Martinson, Martinson Ag, says corn saw some early strength bouncing off support areas on the charts but is struggling to hold gains due to mostly favorable extended weather forecasts.
Dan Basse, president, Ag Resource Company, says the grain markets faded the announcements regarding three trade deals, including Japan, due to the lack of details.
Got tar spot? Economic data shows two passes can offer ROI, depending on the hybrid. However, if your crop got dinged at pollination that’s a different scenario and might require a revised game plan that takes yield estimates into consideration.
Southern rust has now been confirmed in at least 15 states, and with high heat and humidity this week, along with strong winds, agronomists are encouraging farmers to scout their corn fields, as conditions are ripe for the disease to spread.
Bryan Doherty with Total Farm Marketing says soybeans are seeing a slight bounce early in the session on trade news.
Rich Nelson of Allendale, Inc. says funds returned to sell in corn and soybeans on weak technicals, weather and crop ratings.
Mike Minor, Professional Ag Marketing, says corn and soybeans continue to see fund selling and broke below key moving averages Tuesday morning.
Eric Snodgrass, senior science fellow, Nutrien Ag Solutions says nighttime temperatures in areas of the Corn Belt could set new records which may have a negative effect on corn pollination. In fact, there’s evidence the record hot evenings the last 45 days have already taken a toll.
More reports of ‘overly tight tassel wrap’ are coming in across the Corn Belt – including from the reigning world champion corn grower. Hula shares how he strategically uses his planter to minimize pollination risks.
Corn, soybeans and wheat ended lower on Monday seeing some profit taking after higher weekly closes in the grain complex last week according to Darren Frye, Water Street Solutions. Weather was also a factor.
Brad Kooima with Kooima Kooima Varilek says the cattle futures opened lower on Monday on follow through selling after the bearish reversals scored on Friday. Corn and soybeans fall with rains over the weekend in the Corn Belt.
Jerry Gulke, president of the Gulke Group, says corn made a bullish weekly reversal and that technical action could signal a bottom in the market.
Portions of the central Plains, the Upper Midwest and the Mid-Atlantic will be in a heat dome by Tuesday. But first, those regions will see thunderstorms and heavy rains this weekend, according to the National Weather Service.
Don Roose, U.S. Commodities, says grain markets rallied Friday and were higher for the week. The markets saw technical buying and short covering as traders were adding weather premium in the corn market, and to some degree to soybeans. But is weather enough to bottom the market?
The industry is seeking clarity after President Trump said Coca-Cola was switching its Coke formula to use cane sugar versus high-fructose corn syrup. If true, the move would benefit U.S. sugar producers at the expense of corn farmers.
Naomi Blohm with Total Farm Marketing says corn took a break after a three-day rally running into chart resistance in the December contract around $4.25.
Both diseases are showing up earlier this summer than last year, according to Daren Mueller, Iowa State University plant pathologist. He says a new interactive tool from the Crop Protection Network can help farmers locate these diseases, and others, faster.
Randy Martinson, Martinson Ag, says corn tried to move higher early Thursday but the December contract is running into chart resistance with the 20-day moving average at $4.25. Can weather help the market get above this level?
Ted Seifried, Zaner Ag Hedge, says corn and to some degree soybeans, were adding weather premium as some heat comes is predicted for much of the Corn Belt in the extended forecasts. However, talk of China business also stirred up the trade.
Vince Boddicker, Farmers Trading Company, says corn is extending gains for a third day still seeing short covering. However, the corn and soybeans markets are adding some weather premium with extended forecasts looking hotter in the 11-15 day time period.
With today’s tech-packed harvesting equipment costing up to $1 million or more, ensuring you’re not leaving kernels on the ground can help pay the bills. Hear how one farmer is outfitting his combine with aftermarket technology to drive profits higher.
So far, the problem has been confirmed in four states. Agronomists are encouraging farmers to scout crops, estimate yield impacts in affected fields and determine whether to make adjustments to marketing plans.
Chip Nellinger, Blue Reef Agri-Marketing says corn was able to build on Monday’s key reversals and close higher for a second day. However, without a weather problem what is the likelihood the market can sustain a rally?