By Jon Scheve, Superior Feed Ingredients, LLC
While temperatures were nearing normal last week on our farm in southeast Nebraska, a cold front has pushed in and put a stop to any planting progress. Usually, we start planting corn by April 11 and try to finish within 7 to 10 days. However, ground temperatures in our area remain below 45 degrees and forecasts show lows near 25 degrees on Tuesday. The weather outlook later in the week looks more favorable, so hopefully everyone can start planting soon. The entire Corn Belt along I-80 and I-70 seems to be in the same situation through April 23.
South America’s second corn crop
Brazil’s weather is looking dry, so there are growing concerns for their second crop’s yield potential, with some already speculating a possible 20% yield reduction. If this dryness continues, it will likely support corn prices. However, it’s still early and many in the trade assumed Argentina would have a 20% yield reduction due to La Niña, but late season rains have improved conditions there and losses may only be around 10% below normal according to some recent estimates.… Continue readingRead More »