Corn, the Markets, & Yield
Crunch Time for Corn
Posted on July 3, 2017 by Emerson NafzigerWhile the record will show that corn planting progressed at a more or less normal rate this spring in Illinois, wet, cool conditions that developed after nearly half of the crop had been planted resulted in a great deal of replanting, especially in the flat-soil areas of Illinois. Some fields damaged by water and some that were too wet to plant before late May likely were planted to soybeans instead of corn. The June 30 acreage report shows Illinois corn acreage dropping by 500,000 from 2016 to 2017 (to 11.1 million acres) and soybean acreage increasing by 290,000 acres, to 10.4 million acres in 2017... READ MORE.
June 30 Stocks and Acreage Reports Implications for Corn and Soybeans
Posted July 2, 2017 by Todd Hubbs
On June 30, the USDA released the Acreage and Grain Stocks reports. The Acreage report surprised many observers and generated strong positive movements in corn and soybean prices. The following discussion recaps the information contained in the reports and the price implications for corn and soybean prices.
June 1 corn stocks were estimated at 5,225 million bushels, nearly 500 million bushels larger than last year and about 100 million bushels larger than the average trade guess. Total disappearance during the quarter was 3,400 million bushels. Estimates of corn exports during the quarter are at 688 million bushels. Corn used for ethanol and co-product production during the quarter totaled 1,342 million... READ MORE.