Corn
Weather is unpredictable, but a solid plan ensures you’re prepared for whatever the planting season brings.
Rich Nelson with Allendale says with a quiet WASDE, the corn and wheat markets were again caught in the money flow from the energy sector.
The new seed technology offers growers a significant boost in productivity and resilience, even in stressful, water-limited environments.
While farmers are facing higher fertilizer prices due to the Iran conflict the inability to move fertilizer through the Strait of Hormuz is also threatening spring supplies.
Grains futures all made new highs for the move in the overnight session but could not hold on to gains during the day says Garrett Toay of AgTrader Talk with a pick up in farmer selling.
Prioritize timing and placement to ensure young corn plants have access to enough N to withstand any disruption from microbial immobilization.
Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.
Jerry Gulke, president of the Gulke Group, says while many analysts are pointing to the rally in crude oil and the war in Iran as the reason for the strong grain performance, he thinks the breakout was brewing long before that.
The situation in Iran drove fertilizer prices higher this week while raising shortage fears. Analysts warn higher input costs could shift up to 1 million 1.5 million acres from corn to soybeans this spring.
Grains markets all hit fresh highs for the move on Friday as funds piled into buy in the complex. Chip Nellinger with Blue Reef Agri-Marketing says they were adding risk premium.