More in Corn

  • Jun 24, 2014
    blog

    Severe storms cause damage, flooding in corn, soybean fields 2

    Large portions of southern Minnesota, northern Iowa and eastern South Dakota have been impacted by severe storms and have received excessive rainfall. This caused some property damage from strong winds, and caused considerable crop damage due to wind, hail and standing water in fields....More
  • Jun 16, 2014
    blog

    Scout for weeds with new mobile app 1

    Now that crops have emerged, farmers are heading back out to the fields to scout for weeds. As you scout, why not let your smartphone do some of the work? Using the Ag Weed ID mobile app, you can ID weeds on the spot using photos and get control tips. ...More
  • Jun 13, 2014
    blog

    Market your old-crop corn bushels 1

    Dumping the old-crop bushels and holding off on any new-crop sales obviously makes the most sense. It creates cash-flow, frees up available storage and buys lots of additional time. Also with new-crop prices well below the spring revenue insurance guarantee of $4.62 per bushel, I see no real need to start making new-crop sales at this stage....More
  • Jun 10, 2014
    blog

    Corn, soybean prices more challenging 1

    It appears the days of $6 corn prices, and maybe even $5 corn, are behind us for the foreseeable future. Projected significant increases in corn carryover inventories, along with fairly good 2014 crop conditions in many areas of the Midwest, will likely continue to put pressure on both cash corn prices, as well as new-crop prices. The outlook for soybean prices is a bit more optimistic, but new-crop soybean prices could also be challenged, if better-than-expected average U.S. soybean yields are achieved in 2014....More
  • Jun 5, 2014
    blog

    $4.58 breakeven corn price: ouch! 1

    Newly released figures from farm-management sage Gary Schnitkey, University of Illinois, amount to a 6% increase for 2013 non-land costs above 2012. That’s $615 non-land costs to produce an acre of 2013 central-Illinois corn versus $581 per acre in 2012....More
  • Jun 4, 2014
    blog

    Patience at this stage of the game is "best of practice" for most US producers. 1

    After trading to almost $5.15 per bushel (just 17 trading sessions back, on May 6th to be exact) the new-crop DEC14 contract has dropped some $0.60 cents per bushel. I'm not calling this a bottom or looking for a complete turnaround, but I do think...More
  • Jun 3, 2014
    blog

    Crop conditions mixed 1

    Spring 2014 has been a battle for most Upper Midwest crop producers, as they have tried to get corn and soybeans planted on a timely basis. Some favorable weather in late May allowed significant planting progress in many areas of southern and western Minnesota, and adjoining areas of Iowa and South Dakota....More
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