Marketing 2013 Corn And Soybeans

Jul 15, 2013

Keeping informed of local and national markets can be helpful with your crop marketing plan.

Many are in a steady “watch” mode at this time of year. The crop is planted and growing. Weather may now be the biggest factor as we work through crop development, maturity and harvest. This week’s USDA Crops Progress Report gives us some additional insights for how we might expect the 2013 U.S. harvest to look.

Corn silking looks to be ahead of the 5 year average.

Corn condition shows an improved contrast to the 2012 drought year

Soybeans appear to be at least average and somewhat better than average as far as emergence and bloom with this crops condition better than 2012.

As we monitor world markets let’s keep in mind our own costs to plant, grow, harvest, store and market a crop. Missed opportunities and opportunities yet to arrive are impossible to predict. We can only react to what is in front of us today. Typically we expect a weather related price bump (or two) as we get into the pollination and pod set stages of crop development.

Whatever your crop marketing plan may be – remember – staying informed of local and national markets can be helpful.

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