Posted by PJBROWN VT on May 13, 2008 at 06:57:22 from (72.92.156.177):
Farmers got more of this year�s corn crop planted last week, but still just 51% of the nation�s corn has been put in the ground, compared with a 5-year average of 77% for this date, USDA says. Over the last 5 years, one-third of the crop had already emerged at this point; this year just 11% is up. Cold, wet weather in the Midwest has delayed planting. Corn futures closed at new highs on Friday, but slipped back today. The nearby MAY08 contract is $6.03/bushel, down 15�. Further out, the JUL09 contract reached $6.76 on Friday, but settled at $6.64 today. USDA projects a smaller harvest in 2008/09, leaving ending stocks of just 763 million bushels, the lowest since 1996. Next year, nearly one-third of the corn crop is expected to go to ethanol, according to Friday�s �World Agricultural Supply & Demand Estimates� report. cme
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Today's Featured Article - On the Road with Dave Gohl: Deere Departed Friend - by Dave Gohl. Have you ever had to part with a dear friend? It's not easy. If it's due to death, your feelings could be in disarray for days, months or even years. Even now after almost 4 years, I still miss my dad. I remember when I was a kid my dad sometimes would tuck my brother and I in at night and we would ask him questions about his childhood on the farm. To this day, it's some of the best stories I've ever heard. And now, I'm so glad that I asked those questions, and if I were a little smarter i
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