Corn School: Cool Start, Risk of Drought Buoys Corn Prices

Courtesy of Brian Scott and CNN

A cool start delayed corn planting in the U.S., so much so that there’s a rumoured 78 million acres of soybeans in the ground down south.  A late start means the critical pollination period of the crop — a huge factor in determining yield —  into the typically hot weeks of late July.

While the saying ‘rain makes grain’ is grating on some western Canadian farmers’ nerves as ponds of water sit on fields, the 2012 drought is persisting in the western part of the U.S. It’s the threat of that very hot, dry weather moving east that Moe Agostino says is causing a bit of excitement in the corn market.

In this Corn School episode, Moe Agostino, with Farms.com Risk Management, offers his thoughts on acreage, production, weather threats and reminds farmers to keep an eye to outside, big-picture factors like the U.S. economy when marketing corn into the new crop months.

CLICK HERE FOR ALL OUR CORN SCHOOL EPISODES.

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RealAgriculture News Team

A team effort of RealAgriculture's videographers and editorial staff to make sure that you have the latest in what is happening in agriculture.

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