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May' 2013

Corn Planting Progress

If you ask someone: “How much corn is planted, or how much Spring fieldwork has occurred in your area ?”, the response is likely to be quite different, depending on where the person resides. A major snowfall event in early May, followed by frequent rainfall events throughout most of May, in the eastern half of Southern Minnesota, as well as adjoining areas of Northern Iowa, has caused significant delays in corn planting. Most of this region has received additional rainfall amounts of 1-2 inches over this past weekend, with substantially more rainfall in some areas, on soils that were already saturated. As a result, less than half of the intended corn acres in this region have been planted as of May 20, with very few soybeans being planted. [ read more ... ]

 

May 10 USDA Report Summary

The USDA Crop Production and World Agricultural Supply and Demand Estimates (WADSE) Reports released on May 10 were regarded as “bearish” for the corn market and neutral to “bearish” for the soybean market in the coming months. Corn stocks are expected to more than double by the end of the next crop marketing year, while the ending stocks for soybeans are expected show more moderate increases for the 2013-14 marketing year, which runs from September 1, 2013 to August 31, 2014. Following are some highlights of the latest USDA latest USDA WADSE Reports :

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2013 ACRE Program Decision

The “Average Crop Revenue Election” (ACRE) Program was implemented by USDA for the 2009 crop year, as part of the 2008 Farm Bill), and continued for the 2010 to 2012 crop years. For 2013, eligible farm operators will again have the option to enroll in the ACRE Program, as an alternative to the current “Counter-Cyclical Payment” (CCP) Program. The ACRE Program will offer the potential of “revenue-based” payments, based on yield and price, as compared to current “price-only” CCP calculations. The official ACRE program information is available at County Farm Service Agency (FSA) offices, and on the USDA FSA web site at :  http://www.fsa.usda.gov/FSA

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Spring Fieldwork Waiting To Begin

Like the start of a big race, or the beginning of a championship game, farmers in Minnesota and Iowa are anxiously awaiting the initiation of full-scale field work. Very cool temperatures and moist soil conditions have existed across the region during most of the month of April, resulting in cold soil temperatures and soil conditions which have not been conducive to the initiation of corn planting in Minnesota and Iowa. A few farm operators have planted some peas and small grain crops in isolated locations in recent days; however, in most areas, soil conditions have remained too cold and wet to begin full-scale Spring fieldwork. [ read more ... ]