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By Jon Scheve, Superior Feed Ingredients, LLC
I’ve noticed far fewer bad corn crop pictures and farmer complaints this year versus previous years. Most farmers are generally happy with crop conditions. Usually by mid-July at least some farmers are complaining about drought conditions and wondering why corn isn’t at $5. This could be a sign that a huge crop is nearly made or at the very least a very good crop is out there.
Some in the trade have focused discussion to ear weight as a reason why prices should increase. They say too much June heat forced corn to grow too fast, which compromised the health of the plant and the weight of the ear. If true, this could have a big impact on yield production. In the past few years though, ear weight ended up being higher than many thought, which caused underestimating national yields prematurely.
Still, in 2010 many thought there would be a record production in August, but final national yields were 10 bushels less than what was estimated.
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