Corn
While timely planting is important, the advantages of an earlier planting date can be lost if tillage and planting operations occur when the soil is too wet.
Demand for dietary energy in feed rations is pulling distillers’ grains into feed formulas in place of corn, but also displacing some soybean meal in the process.
Corn planting has started, cotton is pacing ahead of normal and winter wheat conditions continue to slide.
USDA’ s corn planting progress are even with year-ago levels and five-year average. Changes in some states.
Acreage would produce 13.83 bill. bu. crop if trend line yields are realized.
There can be little doubt that NASS acreage and production reports are among the biggest market movers year-in and year-out.
Rising corn futures picked up momentum today after Informa Economics estimated that producers will plant fewer corn acres than USDA projected last month.
Corn, soybeans and wheat prices dropped like a rock this week, capped off by a WASDE report with no positive news.
End users struggle to balance old-crop supplies with aggressive demand
Farmers will spend more to produce their 2011 crops but they’re likely to make that up -- and then some.