Ed Usset

The corn market appears to be having difficulty anticipating the likely size of the 2013 U.S. corn crop. Over the past three weeks, December 2013 corn price futures have traded from a low of $5.12 to a high of $5.735 as production expectations continue to unfold, according to Darrel Good, a University of Illinois agricultural economist....More

USDA’s Crop Progress report Monday documented what weather-weary farmers have experienced with planters idled by wet, wet fields. Soybean planting is 17% behind a five-year average. But how long can delayed planting continue to hold soybean prices at their current levels?...More

November soybean futures have seen little movement since late April; soybean prices have ranged from $11.90 to $12.40/bu. They closed Monday (May 13) at $12.09. And with USDA’s projected average season prices as low as $9.50, beans in the teens and even $12 prices may soon be history....More