In 2012 during the mid june to mid july time 21 out of 30 days were over 90 degrees and rain was scarce. This year during the same time period there was only one day over 90 and rain was several times per week. The corn looks healthy and 10 foot tall.
Just pollinated or pollinating in this area. Nights have been cool but seems the growing stage of corn has kept up to normal. Can we harvest 90 million acres of corn at 174 bu. per acre? Seems that all the right things are in place. Good genetics, good moisture, less insects, and good pollination. We are half way there now so if we can keep things going and fill the kernels and get them to maturity this will be one for the record books. 15.66 Billion bu.? As with every year not every farm or every area is looking this good but enough of the corn belt is excellent that they will overcome poor areas of yields.
Chart shows corn harvest prices dropping with the reality that the huge harvest is ahead. Some corn farmers will not be able to cover expenses even with record yields but the livestock farmers that had lost money paying for corn at record prices for two years are now making profits with reduced feed inputs. At these prices I do not know of any corn end user that is not profitable so the question is always how much will be left of the harvest come october 2015. The markets try to lower the prices so that corn carryover is reduced.
Chart shows corn yield trend line and this year will exceed that.
Serving together, Dean
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