Detailed market commentary at The Market Ticker and Ticker Classics
(The Year 2012 In Review)
Donations accepted; we offer GOLD ACCESS for enhanced privileges. T-Shirts, caps, coffee mugs? Click here.
BlogTalkRadio - Mondays at 3:30 Central - Yes, TickerGuy has a radio show (kinda)
RSS available You are not signed on; if you are a visitor please register for a free account!
|MarketTicker Forums Single Post Display (Show in context)||
User: Not logged on
|User Info||Crops 2011; entered at 2011-05-24 08:02:35|
Registered: 2008-01-16 Peak Bund
If the "death line" is june 5th and assuming a 6%to9% sowing a day I see not a major problem to got last year figures, if do not rain half of the remaning days.|
7days precipitation forecast
quality and france drought is another problem, but I'll be very carfully "without eyes direct on the fields" taking long positions on derivatives, especially on wheat
For what I know big players are now waiting and are not sellers in the pysical market, but things changing fast....
Next Few Days Crucial for Corn Choices, DuPont's Schickler Say
May 23 (Bloomberg) -- U.S. corn farmers who have yet to plant their crop have only a few days left before they may need to switch to lower-yielding seeds or soybeans, according to Paul Schickler, the president of DuPont's Pioneer Hi-Bred unit.
"We've got to get some progress in corn planting before we get farmers switching to earlier maturity seeds with lower yields," Schickler said today in an interview in Washington. Wilmington, Delaware-based DuPont is the world's second-biggest seed seller, after Monsanto Co.
About 79 percent of the U.S. crop, the world's biggest, was planted as of yesterday, the Department of Agriculture said today in a report. That compares with 92 percent a year earlier and the previous five-year average of 87 percent. Wet weather has delayed fieldwork in many areas, leaving the planting of corn, soybeans, spring wheat and cotton behind the pace of recent years.
Farmers try to plant corn before mid-May in most areas so that the crop can enter its reproductive stage before the hottest days of summer. Soybeans can be planted later than corn with less threat of reduced yields.
Many growing areas east of the Mississippi River, as well as sections of Missouri, Arkansas and North Dakota, received twice the normal amount of rainfall in the past 30 days, according to the National Weather Service. Flooding also inundated farms along the Mississippi River and its tributaries, leaving fields too muddy to support equipment.
Schickler also said seed discounting across the industry may be less this year than in the past.
--Editors: Daniel Enoch, Patrick McKiernan