AgProfessional Magazine

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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Afternoon Comments 05/17


The equity and U.S. dollar markets proved quite strong again Friday, but commodity traders seemed to pay more attention to the negative demand aspects of the greenback rally than to the economic strength implied by stock gains. As for corn, persistent old crop tightness continued supporting nearby futures, while optimism about plantings this week weighed upon deferreds. July corn surged 11.25 cents to $6.5275/bushel in Friday trading, while December dipped 4.5 cents to $5.195.
Market Info

Corn harvest just below 100 percent

Angela Bowman, Staff Writer  |   November 21, 2011
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Ninety-six percent of corn in the top 18 producing states has now been harvest according to the USDA’s latest Crop Progress report released on Monday afternoon. Although this week’s progress is 8 percentage points above the five-year average, it is also behind last year’s pace.

This time last year 12 states reported 100 percent of corn harvested, and the four of the states were within 4 percentage points of being finished with harvest. This year, seven states have reported 100% of corn harvested with five states within 3 percentage points of being finished with the 2011 corn harvest season.  Check the report to see how your state is doing.

Ohio showed progress this week despite wet conditions. Sixty-nine percent of the state’s corn has been harvested compared their progress last week of 51 percent.

For other grain, 100 percent of soybeans and 91 percent of sorghum have been harvested. Eighty-seven percent of winter wheat has emerged.


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