Corn
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.
Got tar spot? Economic data shows two passes can offer ROI, depending on the hybrid. However, if your crop got dinged at pollination that’s a different scenario and might require a revised game plan that takes yield estimates into consideration.
Southern rust has now been confirmed in at least 15 states, and with high heat and humidity this week, along with strong winds, agronomists are encouraging farmers to scout their corn fields, as conditions are ripe for the disease to spread.
Bryan Doherty with Total Farm Marketing says soybeans are seeing a slight bounce early in the session on trade news.
Rich Nelson of Allendale, Inc. says funds returned to sell in corn and soybeans on weak technicals, weather and crop ratings.
Mike Minor, Professional Ag Marketing, says corn and soybeans continue to see fund selling and broke below key moving averages Tuesday morning.