Latest Market News, Including Corn Condition

Corn Condition

Planting, planting, and replanting … Where are you at in this process? Things have been coming to a close for most of the producers in the area with some of those hard to reach spots being filled in with whatever is available. The crops are in the ground and now we have to sit back and watch to see what will happen next. Will we go without rain for the most significant time of the growing process, or will we get timely rains? This is not in our hands but is always on our minds. One thing we can remember is to market our grain as well as we care for it. Keep an eye on June for any possible weather related rally, if they come it will be fast. Corn has only moved in a sideways direction, not making any moves up or down for some time now. Beans on the other hand have been trailing downward with no sign of any upward movement.

Monday June 5th gave us a look at what the crops are looking like at this present time.

Corn Condition – Selected States: Week Ending June 4, 2017

[These 18 States planted 92% of the 2016 corn acreage]

—————————————————————————-

State  : Very poor :   Poor    :   Fair    :   Good    : Excellent

—————————————————————————-

:                          percent

:

Colorado ………..:      –          –          17          71          12

Illinois ……………:     2           9          30          50         9

Indiana ………….:      5          12          37          41          5

Iowa ……………..:      1           2          20          61          16

Kansas …………..:     2           7          30          56           5

Kentucky ………..:    1           3          14          70          12

Michigan ……….:     –           4          26          61           9

Minnesota ……..:     –           2          21          66          11

Missouri ………..:     1           6          34          51           8

Nebraska ………:      –           2          19          70          9

North Carolina .:     1           4          18          61          16

North Dakota …:     1           6          26          63          4

Ohio ……………..:    2           8          41          41           8

Pennsylvania …:     –           –          18          74           8

South Dakota …:    –           6          32          58           4

Tennessee ……..:    1           2          14          56          27

Texas ……………:    1           4          16          68          11

Wisconsin …….:    1           6          25          56          12

:

18 States ………:    1           5          26          58          10

:

Previous week .:    1           6          28          57           8

Previous year .:     1           3          21          61          14

–     Represents zero.

 

Idea: Anyone sitting on old crop inventory should give us a call to discuss options for receiving a premium on those old bushels. We have some thoughts on how to increase the price. It is worth your time since the crops are in the ground for the harvest year.

 

Look For Dates:    June 9, 2017 Supply and Demand Report

June 30, 2017 Grain Stocks Report

 

June is Dairy Month, So Please Thank a Dairy Farmer!

THANK YOU to Everyone for Your Hard Work and Dedication.

by Helen Nemitz, Grain Originator

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