June 19, 2019
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Crop Balance Sheets: Trade surprised by USDA’s aggressive yield move
The U.S. Department of Agriculture was more aggressive than the trade anticipated with its projected 10-bushel per acre average corn yield drop in the June 11 supply and demand estimates report.
“Corn is where a lot of the attention is being focused, and everybody wanted to see what USDA was going to do with the new crop numbers,” Randy Martinson of Martinson Ag Risk Management said in a Minneapolis Grain Exchange-hosted teleconference after the release of the USDA’s report. Here’s what the trade specialist had to say about the most recent crop numbers.

Planting continues: ‘It’s one for the record books,’ agronomist says
planting
Rainy weather has created stressful conditions for Hoosier farmers as many race to finish planting. Stephanie Smith, agronomist at Golden Harvest, said this spring is one for the record books. Folks weren’t able to plant as many corn acres as they intended to due to rain. Now, it’s a race to plant soybeans.“ “I think it’s too late to plant corn now, unless we’re chopping it for silage, or we absolutely need it for livestock feed,” Smith said. “My recommendation is not to plant corn at this point. “We’re still OK with soybeans. We’re losing yield potential because we don’t have canopy because we’re just now planting.”

Prevented: Farmer plans for prevent plant
 Rock Katschnig
If it was a “normal” year, Rock Katschnig and his son-in-law and farming partner, Rob DeFauw, would be worried about the wind. If it was a “normal” year, the coarse sand in this field would be a beige or light brown to indicate its propensity to take off when the wind blows. But for the Henry County farmers, as for the majority of farmers across the U.S. Corn Belt, 2019 has been anything but normal.

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