According to Bob Utterback, the corn market is setting itself up for a pre-harvest low. Chip Nellinger of Blue Reef Agri-Marketing Inc. agrees, in fact he thinks the low will arrive within the next six weeks.
Farmers in Texas and other areas experiencing drought are in dire need of hay supplies and dryland crops are burning up. Because of this, grain farmers are abandoning their grain crops and baling them for cattle feed.
There are few more disheartening sites than a corn field, once full of promise, now lying flat on the ground. This will not only make harvest more difficult, but also put you at risk of leaving bushels in the field.