Corn touches $6 per bushel on weather concerns

After falling 8 cents per bushel to $5.69 last Monday, corn futures rallied the rest of the week and eclipsed $6 per bushel during early trading hours on Thursday. Concerns over weather in South America and here in the U.S. have offered support to [...]

Safrinha planting nears completion

As of Mar. 18, safrinha corn was 90 percent planted as periods of dryness allowed for accelerated planting. Strong corn prices continue to incentivize Brazilian farmers to plant well beyond the ideal time. Brazilian soybeans were some 59 percent harvested overall with Mato Grosso’s [...]

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 [...]

Comparing the 1995/96 & the 2019/20 corn crops

Planting of the 1995/96 crop was the slowest in decades—until the 2019/20 new crop saw even slower planting. The 1995/96 crop was 77 percent planted by Jun. 2, while the 2019/20 crop was only 67 percent planted, a 10-point difference. Aside from planting progress [...]

Corn crop progress stays at record low, soybeans slow too

U.S. corn rose only 9 points from last week to 58 percent planted as of May 26. Current pace remains the slowest on record at 32 points behind the five-year average of 90 percent planted by this time. In Iowa, the corn crop was [...]