Rain Returns To Illinois And Indiana Corn Fields
Rain continues to frustrate US farmers' attempts to get their corn crop planted in the Midwest states of Illinois and Indiana, say StormX.
Crucially, most farmers in these states only have until June 5th to plant corn or cash in on their insurance policies, they add.
It will be very interesting to see how much corn remains unplanted in tonight's USDA report, ditto spring wheat. Most trade guesses seem to be indicating growers switching a further 2-3 million acres into soybeans, and with $10+ beans now available for new crop, who can blame them?
Crucially, most farmers in these states only have until June 5th to plant corn or cash in on their insurance policies, they add.
It will be very interesting to see how much corn remains unplanted in tonight's USDA report, ditto spring wheat. Most trade guesses seem to be indicating growers switching a further 2-3 million acres into soybeans, and with $10+ beans now available for new crop, who can blame them?