Less Corn Planted in NW OH, Local Basis Skyrockets

I80 Harvest Tour Ohio 110619

Ohio has been hit hard this year between flooding and too much rain. It’s to the point where Ohio's Farm Service Agency (FSA) has declared every single county in the state a disaster area. 

Many farmers didn’t have a chance to plant corn and it shows.

The harvest progress in Northwest Ohio is not hard to explain. 

“I’ve never had a year like that in my life,” said John Myers, a farmer in Swanton, Ohio. “We only had nine days from April to June that we worked in the field.”

For John Myers and his two sons, the calendar date makes a 30 bushel per acre difference between early planted soybeans compared to replant beans put in during July.

“Our first planted beans yielded really well,” said John Myers. “They were really good. Our late beans are good for when they were planted. You can’t expect 60-bushel beans planted the first of July.”

Most farmers didn’t risk planting late corn due to a soggy spring.

“We can count all of the cornfields on just two hands that are probably in a five-mile radius, which is unreal,” said Jeremy Myers, John’s son. 

The lack of corn is one reason why corn basis is positive at the elevator.

“We are 23 [cents] over the December [contract] which is very unusual for a harvest basis,” said Neil Rupp, president of Pettisville Grain Company in Pettisville, Ohio. “Typically, we would be 30 cents under this time of year.”

Rupp says he hasn’t experienced a corn basis like this during harvest in his area.

“The narrowest I can remember would be [roughly] 20 [cents] under,” said Rupp. “This is way above anything we’ve ever experienced since I’ve been here.”

Click here to watch the I-80 Harvest Tour clip from Northwest Ohio.