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Its All Eyes to the Sky as Weather Dominates

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TheCropSite
Tuesday 7th May 2013.
Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor


5M

It’s All Eyes to the Sky as Weather Dominates

Greetings from lovely Portland, Maine, USA, where I am visiting 5m’s sister company, Fish Vet Group.

While I’m not in the Midwest at the moment, I was over the last week and weekend and Mother Nature left many scratching our head.

For northern Illinois, it was a mostly sunny weekend with highs in the 70s F / 20s C. However, parts of Iowa and the western Midwest were dealing with up to 6 inches of snow. Yes, it’s May. And I just said snow.

Without a doubt the late-season snow, rain and cool temperatures slowed corn planting last week in many parts of the Corn Belt. USDA’s Crop Progress report released Monday afternoon showed the critical “I” states increased nominally over last week with Illinois up to 7 per cent planted from 1 per cent last week, and Iowa and Indiana were up to 8 per cent planted from 2 and 1 per cent respectfully.

Missouri was up to 22 per cent planted, and Nebraska was starting to show some momentum at 14 per cent planted.

Overall, the top 18 states showed 12 per cent planted versus last week at 5 per cent planted.

All that said, traders are now looking to the future and forecasts for drier and warmer weather have many thinking that significant corn acres could get planted this week. It will be a critical week for corn planting as we hit the critical May 10 planting date. From a soybean perspective, analysts are optimisitic that corn will get in the ground soon and there will be limited acres switched over to soybeans. 

On a more personal note: To those who are headed to the field, I know there is a rushed sense to get the seed into the ground, but please be safe.

Have a great week!


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Food for 9 Billion: Perspective on Global Agriculture in 2050
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Two Approaches for Optimizing Water Productivity
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Market Reports

USDA GAIN: Indonesia Grain and Feed Annual 2013
USDA GAIN: Guatemala Sugar Annual 2013
USDA Agricultural Prices - 30 April 2013
USDA GAIN: Brazil Sugar Annual 2013
USDA Crop Progress - April 2013
UK Total Income from Farming 2012 - 1st Estimate
USDA GAIN: Swaziland Sugar Annual 2013
USDA GAIN: Pakistan Sugar Annual 2013
USDA GAIN: Brazil Sugar Annual 2013
China Wholesale Prices - 2 May 2013
Australian Weekly ABARES Report - 2 May 2013
USDA GAIN: Venezuela Grain and Feed Annual 2013
USDA GAIN: Ukraine Sugar Annual 2013
USDA GAIN: Thailand Weekly Rice Price - 3 May 2013
USDA GAIN: Venezuela Sugar Annual Report 2013
USDA GAIN: Ukraine Grain and Feed Annual 2013
USDA Crop Progress - May 2013
USDA GAIN: Philippines Oilseeds and Products Annual 2013
USDA GAIN: India Cotton and Products Update April 2013
China Wholesale Prices - 7 May 2013

Global Crop Industry News

   Global

G-8 Members Agreed to New Alliance for Food Security, Nutrition Initiative
Jim Wyckoff's Morning Report: Markets 'On Hold' Awaiting US Data
Jim Wyckoff's Morning Report: Traders Await Outcome EU Central Bank Meeting
US Hits Back at EU Commission Ethanol Tax
Jim Wyckoff's Morning Report: Market Place Awaits Jobs Report
Time for Change: Sustainability Events for Businesses
Jim Wyckoff's Early Report: German Economy Showing Weakness
Jim Wyckoff's Morning Report: Australia Cuts Interest Rate to Record Low

   Cuba

Cuba's Food, Sugar Production Below Expectations Despite Reforms

   United Kingdom

'Not Enough Evidence' to Support EU Ban on Neonicotinoids
2012 Weather Dents Farming’s Bottom Line
New Grass Species Could Reduce Likelihood of Flooding
How to Build an On-farm AD Plant

   Australia

Fairer Finance for Aussie Farmers
New Opportunities for Carbon Farming
National Drought Program Reform Agreement Struck

   United States

April Freezes Causing Some Damage To Wheat Tillers and Lower Stems
CME: Corn Futures Closed Lower Tuesday
Grains: Where are the Stops? Wednesday, May 1
Wyckoff's Wednesday Closing Grains: July Corn Closes Lower
Drought Behind Them, Farmers now Deal with Too Much Water
CME: Corn Futures Closed Lower Wednesday
Grains: Where are the Stops? Thursday, May 2
Wyckoff's Thursday Closing Grains: July Corn Closes Higher
Consumers Value “Locally Sourced” Food Despite Difficulties Defining
CME Group Respond to Data Leak Claims
CME: Corn Futures Closed Higher Thursday
Grains: Where are the Stops? Friday, May 3
Implications of Brazil Ethanol Imports
USDA and EPA Release New Report on Honey Bee Health
Wyckoff's Weekly Forecast: Changing Weather Predictions Ahead
Grains: Where are the Stops? Monday, May 6
Wyckoff's Monday Closing Grains: July Corn Closes Lower
Mixed Rate of Corn Consumption, but Does it Matter?
CME: Corn Futures Closed Lower Monday

   Argentina

Argentina Hopes for Record Soybean Crop

   Tunisia

Tunisia Wheat, Barley Revised Downwards

   European Union

EC to Recover €230M of CAP Expenditure from Member States
Bees Survival: Ban More Pesticides?

   India

Mizoram State Invests in Agriculture and Fisheries

   Canada

Support for Long-term Water Infrastructure to Benefit Producers

   Viet Nam

Climate Change Research Hub Opens in Vietnam

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