Soybean market gets a boost from weather, China

Soybean futures closed on Friday, May 8, with a 14-cent increase on the week as the market took notice of Chinese trade discussions and potential early weather issues. Beans are off to a quick start in terms of planting progress given the favorable weather [...]

Corn futures weak as plantings progress nicely

May-20 corn futures ended last week down a few cents, around $3.11 per bushel. The contract tested the $3 mark on Tuesday for the second time in the last two weeks but was unable to break through psychological support. Plantings are progressing quickly, and [...]

Remembering 1993’s Midwest flooding

Heavy precipitation during the fall and winter of 1992/93 saturated Midwestern soil and raised reservoir levels. Then excessive spring and summer rainfall inundated 400,000 square miles, flooding that persisted throughout much of the growing season in the Corn Belt. Iowa was hit very hard [...]