Oct 16, 2012

USDA Crop Report Increase Minnesota Yield

The Oct. 11 USDA crop report showed significant increases for both corn and soybean yields in Minnesota, as compared to September crop report. This corresponds closely to actual corn and soybean yields being reported from many areas of the state, which have been better than expected, given the extremely dry weather conditions that existed in several areas. Crop yields in the southwest and south-central parts of the state have been highly variable due to the drought conditions that existed during the last half of the 2012 growing season....More
Oct 16, 2012

Slow Export Sales, U.S. Imports Pressure Corn

The corn market’s short-lived bullish reaction to last Thursday’s tighter U.S. and world supply estimates from USDA signals that demand concerns will continue to dog market this fall and winter, capping prices....More
Oct 9, 2012

Drought Continues, Harvest Wrapping Up 2

Even though the 2012 harvest season is rapidly drawing to a close, most areas of southern and western Minnesota remain in severe to extreme drought, with conditions worsening in the past couple of months. The latest U.S. Drought Index places all of south-central and southwest Minnesota in an extreme drought category. Approximately 85% of the major corn- and soybean-producing areas in the U.S. are currently experiencing some level of drought, including most of the Western Corn Belt States and nearly all of the Plains states....More

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