Corn
Maintains plan to cut corn stockpile and acreage in 2017.
Sue Martin, president and owner of Ag and Investment Services, Inc., has been watching futures prices on corn. She is noticing a pattern that has happened since 1969 that has proven favorable for farmers 18 out of 19 years.
The European Union (EU) court recently ruled in favor of Italian farmer Giorgio Fidenato who planted GMO corn. Italy didn’t allow farmers to plant GMO products and sued Fidenato in 2013, according to AP.
The marketplace appears to be buying time until more information on wheat quality and corn replanting is available, says Jerry Gulke, president of the Gulke Group.
Seed fails to control damaging worm, group says in letter.
After the USDA released its January crop production and World Agriculture Supply and Demand Estimate (WASDE) reports on Friday, the market had a mostly muted response.