Recent rains have delayed planting progress more than expected, creating uncertainty in the markets.
Total Farm Marketing told Brownfield Ag News that it is unclear how wide of a planting window we have ahead of us. Growers are not ahead of schedule and more rain is on the way. The market analyst says it is a weather market right now, and traders are closely watching what happens in the coming week before their planting deadline on May 20.
The U.S. Dept. of Agriculture (USDA) latest Crop Progress Report indicates that 36 percent of corn has been planted so far, falling behind the five-year average for the first time this season.
Related Stories
Wheat Harvest Expands As Drought Still Pressures Pastures
AgriSompo’s Brooks York discusses price protection levels, recent market declines, and risk management strategies for producers.
Corn ethanol demand and stronger oilseed processing continue supporting domestic markets for crop producers.
Higher rail fuel surcharges could add cost pressure even as wheat production falls and grain movement remains active.
The Washington State Tree Fruit Association says crop quality looks promising despite ongoing drought conditions.
New Fed surveys show farmland values remain historically high, though some Upper Midwest markets are beginning to soften.
