The weather continues to be the story for crops across the world, as the U.S. continues to be hit by hot, dry weather for the last couple of weeks, raising questions as to where it'll be at harvest.
Weather patterns aren't expected to change any time soon either, as the outlook is for the same weather conditions to continue.
Quality is the highest concern, as bad weather could lower the level of starch the plants send to the kernal.
Corn futures for December delivery increased 2 cents, or 0.5 percent, to finish at $4.20 a bushel in Chicago, ending the week at a gain of 3.3 percent.
On Thursday corn reached its highest levels since June 15, 2009, going as high as $4.39 on the most-active contract.
The USDA said this week the amount of corn planted this year is lower than projected.
Showing posts with label Corn Condition. Show all posts
Showing posts with label Corn Condition. Show all posts
Saturday, August 7, 2010
Saturday, July 10, 2010
Ohio Corn Crop Strong So Far in 2010
The corn crop in Ohio has been very strong this year, as a wet and warm spring resulted in the crop taking off in most areas, already reaching as high as 10 feet tall on a number of farms.
Planting season also began early, giving it a head-start on the year. Weather throughout the growing season has also remained humid and warm, providing the best conditions corn could have.
If a moderate amount of rain is the outcome for the latter part of the growing season, Ohio could possibly break their record corn harvest set last year of 165 bushels an acre.
Planting season also began early, giving it a head-start on the year. Weather throughout the growing season has also remained humid and warm, providing the best conditions corn could have.
If a moderate amount of rain is the outcome for the latter part of the growing season, Ohio could possibly break their record corn harvest set last year of 165 bushels an acre.
Tuesday, June 8, 2010
Corn Up from 8-month Low
Corn conditions were down and corn prices were up, as corn recovered from an 8-month low and three straight days of losses.
The major change affecting prices from a U.S. Department of Agriculture was the condition of corn rated poor to very poor increased from 4 percent to 5 percent from last week.
“Corn got a little bit of a boost in the crop-conditions report” as conditions didn’t improve “like some of the trade was thinking,” said Mike Zuzolo, the president of Global Commodity Analytics. “That may cause some in the trade who wanted to be extra bearish to back off.”
Bumper corn crops in competitor nations has kept the price of corn suppressed over the last year, especially their next two major competitors Argentina and Brazil, who had record corn harvests during that time.
The major change affecting prices from a U.S. Department of Agriculture was the condition of corn rated poor to very poor increased from 4 percent to 5 percent from last week.
“Corn got a little bit of a boost in the crop-conditions report” as conditions didn’t improve “like some of the trade was thinking,” said Mike Zuzolo, the president of Global Commodity Analytics. “That may cause some in the trade who wanted to be extra bearish to back off.”
Bumper corn crops in competitor nations has kept the price of corn suppressed over the last year, especially their next two major competitors Argentina and Brazil, who had record corn harvests during that time.
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