Posted by John_PA on July 27, 2012 at 00:08:58 from (96.236.160.186):
Is anyone else sitting on the edge of their seat for the USDA NASS report?
It seems there hasn't been anything good in the news as far as drought busting. We had a good spell of rains lately, most of my FS corn is over 10 feet tall, tassled, shooting silk on 3 ears per stalk. It's looking really good in spite of the weather. The rest of my corn is 3 feet tall, tassled, bottom leaves burned, and the deer made sweet love to the tops of every ear.
I'm really getting anxious as to what the USDA has to say about the rest of the country, as teh CBOT will surely take notice. I think it closed around $7.80 yesterday. If the report lowers average yeild by another 10-15 bushel, I'd say it will remain in the $8.50-9.00 range until harvest time. I'd imagine that if next spring is bad for planting, the price could top $10. In a way, I'd rather we all get $5 corn and have average yeilds, but, for the little bit I have that is excellent (about 68 acres) I'm so anxious to see what the price will do, as I didn't get any crop insurance.
I think I am going to brushhog down some corn and put it in wheat this fall. I should make some huge yeilds on wheat with all those nutrients and green manure. With $9 wheat, that will keep my diesel tank topped off for next summer.
I feel terrible getting a good yield this year, with all teh dispair in the corn belt, but normally, I watch everyone else glean big rewards, while I get a 75 bu/a average. So, this year, it will be bittersweet. I guarantee I won't neglect the crop insurance again.
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