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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.