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Why we need to pay attention to early corn planting dates

By Kevin Van Trump

Corn traders are talking about the tendency for old-crop prices to peak prior to planting in years we are deemed to be in an over-supplied environment. Meaning the JUL16 contract might now be nearing the upper end of it’s range, possibly somewhere between our current price of $3.75 and $3.90 per bushel? There’s also more talk that most commercials have satisfied their appetite for old-crop supply. Meaning the basis in many parts of the country may continue to fall under pressure in the days ahead, especially if flat-price continues to move higher. Many commercials are saying they will take old-crop bushels, but only at discounted rates as they seem content simply waiting on new-crop supply to enter the pipe-line. Make certain you are factoring this into your marketing strategy. Technically we also seem to be approaching more heavier Read more

US corn sowings ideas wane, as futures underperform

Investors appear to be trimming expectations for the growth US corn sowings this year, as a key report looms, with futures markets boost the incentive for farmers to raise plantings of rival soybeans.

Rabobank on Thursday forecast a rise of 1m-1.5m acres in US corn plantings, from the 88.4m acres seeded last year.

And separately, US-based Global Commodity Analytics, citing results of a limited farmer survey, pegged seedings at 89.4m acres.

Earlier this week, Societe Generale put corn seedings at 89.0m acres, while Informa Economics on Friady pegged area at 89.5m acres.

Although all these forecasts would see US farmers raise sowings of the grain for the first time in four years, the estimates are below the 90.0m acres at which the US Department of Agriculture pegged seedings in an initial estimate last month.

An Allendale report last week did come in with a more upbeat estimate for corn sowings, of 90.4m acres. Read more

Soybean Storage and Conditioning


Now that your crops are in the bin, it’s important to learn how to keep them conditioned and stored properly.
Throughout the winter months it’s important to monitor your soybean temperature, and to aerate your bins.
If you haven’t sold any beans then coring out your bin can be an option to remove some fines, and help stir the grain a bit.
It is important to make sure that soybeans are stored at a 14% moisture or lower. Don’t assume that because your beans went into the bin really dry, you don’t have to aerate. Those low moisture beans are still hot and need to have the field heat removed. Read more

Brazilian farmers planting soybeans at half the average pace

From  Soybean and Corn Advisor: Nov. 4, 2014

With the soil moisture improving across much of Brazil, most farmers are actively plating their 2014/15 soybean crop. The rainfall in Mato Grosso has been adequate in some areas and lighter than desired in other areas. The rainfall though has been lighter as you move east into states like Goias, Bahia, Sao Paulo, and Minas Gerais. In southern Brazil the soil moisture remains very favorable with too much rain in fact in parts of Rio Grande do Sul. The forecast looks favorable for more rainfall over the next two weeks in the more western areas of Brazil, but still dryer than desired for the more eastern areas.

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Wheat field

Late Planted Winter Wheat

During years when soybeans are harvested later than expected or environmental conditions delay field work, winter wheat is generally skipped in the rotation or planting is rushed. When planting winter wheat later than the recommended planting dates, even more care should be taken to ensure yield potential is not lost.

Planting date

In general, delaying planting past the recommended planting window can cost a producer from 0.6 to 1.1 bu/day. It is best to strive to plant around these dates (See figure 1).

planting dates map

Figure 1: Optimum Planting Dates in Ontario.

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