Corn
If the ethanol subsidy is eliminated as some in Congress are calling for, corn stocks-to-use could increase, potentially putting modest pressure on corn prices.
Following Thursday’s USDA reports, the market was full of action. Jerry Gulke says Friday was a wild trading day and that farmers are feeling the lure of $8 corn.
Be ready to pull out the rotary hoe and give struggling seedlings a little help emerging.
Growers need to consider what yields they can expect as planting stretches into June.
Corn and soybean stocks may be growing but average prices for new-crop corn and soybeans could be headed to all-time highs.
Several dry, 90-degree days were welcomed by farmers in central and northeast Missouri.
Wet weather in some areas and dry conditions in others are wrecking havoc on some farmer’s planting progress this spring.
Soggy soils and continued rain have kept corn planting nearly at a standstill as of May 1, and progress since then has been slight at best.
While planting dates are important, Purdue Extension corn specialist Bob Nielsen says plenty of other factors can influence crop yield.