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Market Commentary

Afternoon Comments 05/21


The weekly Crop Progress report released Monday afternoon obviously depressed corn futures Tuesday, since the indicated surge in U.S. corn plantings easily exceeded expectations. Concurrent developments in the financial markets, particularly equity index slippage and U.S. dollar strength may have weighed upon prices early, but late mitigation of those moves seemed to take pressure off of commodities. Talk that recent old-crop price strength had sparked active farmer selling apparently weighed upon nearby futures. July corn fell 9.5 cents to $6.40/bushel Tuesday afternoon, while December ended the day unchanged at $5.2025.
Market Info

Poor pollination leads to mold growth in corn

Jennifer Stewart, Purdue University  |   September 10, 2012
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Indiana corn farmers are seeing high incidences of a specific mold in their fields this year after a season-long drought hindered the crop's pollination.

Smut, a gray, moldy growth on corn ears, is present in Indiana cornfields every year, but rarely at the level of 2012.

"Researchers have debated about what conditions favor smut development, but it is reported that poor pollination, dry weather and warm temperatures can increase smut development," said Kiersten Wise, Purdue Extension plant pathologist. "That certainly fits the conditions experienced during the majority of the 2012 growing season."

Smut is caused by the fungus Ustilago maydis, which overwinters in crop residue and soil for several years. It tends to infect stressed leaf tissues, typically through wounds caused by hail or insect feeding. Smut also infects ear kernels through silks. Tassels and nodes also can be infected.

"Once tissue is infected, the fungus causes plant cells to divide and expand, which results in the diagnostic white 'galls' that we see with smut," Wise said. "Mature galls are filled with dark spores that may break open and leave a powdery residue on surrounding tissue."

Even with the abnormally high incidence of smut, it doesn't affect yield. And while seed and foliar fungicides aren't effective against the disease, there are some other management options in the off-season.

"Management options include tillage and rotation to reduce the amount of debris that harbors the fungus, promoting proper corn fertilization and limiting wounding of corn by mechanical equipment," Wise said.

Smut is non-toxic and often grown to be consumed as a delicacy. However, Wise cautioned against harvesting and eating the galls from just any cornfield - especially once they start to turn black.

She also said corn growers and farm workers with lung ailments or mold allergies, and those undergoing immune-compromising medical treatments, need to be cautious during harvest, including wearing mold-rated respiration masks.


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