There’s an old adage that rain makes grain. But according to a report from Mark Oppold, that may not be true for this year’s corn crop.
USDA Ends Prevented Planting +10 Percent Option
The Department of Agriculture has ended a ten percent higher crop insurance coverage option for prevented planting claims. In a memo sent out to insurers and USDA’s Risk Management Agency field offices, USDA eliminated the Prevented Planting +10 Percent Option for the 2018 crop year and future crop years. USDA kept the five percent option for farmers, though analysis shows …
Some Good News for Corn in the Latest USDA WASDE Report
Last Thursday, the U.S. Department of Agriculture estimated a corn crop for 2017 higher than U.S. farmers have ever realized, coming in with a whopping 175.4 bushels to acre average. That would equate to a record 14.578 billion bushels of corn harvested this year. The yield guess was significantly higher than analysts like Mike Zuzolo from Global Commodity Analytics was …
Farmers Need Trade to Move Record Corn Crop
It’s no secret that American farmers produced another record corn crop, which means overseas market access will be a big key to limiting losses due to depressed corn prices. The Illinois Corn Growers Association says this is what farmers pencil out on paper to demonstrate why market access is so important to corn farmer profitability. “It looks like our ‘what …
No Change to Corn Price Forecast
Despite the increase in USDA’s corn crop forecast, Gary Crawford reports it hasn’t prompted a change in its price forecast for the new crop.
U.S. Corn Crop Planting Falls Slightly Behind
Corn planting progress has fallen slightly behind the five-year average, according to USDA’s weekly crop progress report. Only 6% of total corn acreage had been planted as of April 16, which is 3% short of the five-year average and 6% behind the same date last year. For the most part, the slower pace is a result of wet conditions across …