Corn
Eric Snodgrass, senior science fellow, Nutrien Ag Solutions says nighttime temperatures in areas of the Corn Belt could set new records which may have a negative effect on corn pollination. In fact, there’s evidence the record hot evenings the last 45 days have already taken a toll.
More reports of ‘overly tight tassel wrap’ are coming in across the Corn Belt – including from the reigning world champion corn grower. Hula shares how he strategically uses his planter to minimize pollination risks.
Corn, soybeans and wheat ended lower on Monday seeing some profit taking after higher weekly closes in the grain complex last week according to Darren Frye, Water Street Solutions. Weather was also a factor.
Brad Kooima with Kooima Kooima Varilek says the cattle futures opened lower on Monday on follow through selling after the bearish reversals scored on Friday. Corn and soybeans fall with rains over the weekend in the Corn Belt.
Jerry Gulke, president of the Gulke Group, says corn made a bullish weekly reversal and that technical action could signal a bottom in the market.
Portions of the central Plains, the Upper Midwest and the Mid-Atlantic will be in a heat dome by Tuesday. But first, those regions will see thunderstorms and heavy rains this weekend, according to the National Weather Service.
Don Roose, U.S. Commodities, says grain markets rallied Friday and were higher for the week. The markets saw technical buying and short covering as traders were adding weather premium in the corn market, and to some degree to soybeans. But is weather enough to bottom the market?
The industry is seeking clarity after President Trump said Coca-Cola was switching its Coke formula to use cane sugar versus high-fructose corn syrup. If true, the move would benefit U.S. sugar producers at the expense of corn farmers.
Naomi Blohm with Total Farm Marketing says corn took a break after a three-day rally running into chart resistance in the December contract around $4.25.
Both diseases are showing up earlier this summer than last year, according to Daren Mueller, Iowa State University plant pathologist. He says a new interactive tool from the Crop Protection Network can help farmers locate these diseases, and others, faster.