Derecho Damage? Don’t Walk Away from a Growing Crop ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
| | | | | How Low Can Corn Go? | | On the heels of Friday's USDA report, Jon Scheve shares his thoughts on future price projections, which range from $4.25 to $7.25 per bushel, based on various national corn yield averages. Right now, it seems the market is trading around a 175 bu. per acre yield, so any further reduction would likely spark a rally. However, a 2-billion-bushel carryout is too much. In the past 10 years when carryout exceeded 2 billion bushels at the end of the season, futures fell below $4. | | | |
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| | Ferrie: Derecho Took 20 to 30 Bu. Off the Top of April Corn but Don’t Throw in the Towel Flattened corn can often recover, stand and produce decent yields. Soybeans can shake off a storm and flourish, but beware of spider mites in the next 10 days if temperatures stay 85-plus degrees with low humidity. “Some of you are thinking about throwing in the towel and not spraying. That's what we call walking away from a growing crop, and this is something you should never do,” says Ken Ferrie. Read More |
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| | U.S. and China: A New Trade War? China is placing export controls on gallium and germanium (two obscure minerals used in semiconductors, electric vehicles and aerospace manufacturing) and the Biden administration is set to restrict Chinese access to U.S. cloud-computing services that use AI chips. These measures are significant as China hadn't largely initiated direct retaliation against U.S. semiconductor restrictions until this year. Read More |
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