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How Critical is the May 10 Plant By Date? - 30 April 2013

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Tuesday 30th April 2013.
Sarah Mikesell - TheCropSite Senior Editor

Sarah Mikesell
Senior Editor


How Critical is the May 10 Plant By Date?

Greetings from a wet but warming Midwest. Lots of news to talk about this week, so I’ll do my best to hit the highlights and will link to more information.

We have wet weather in the forecast again this week, which pushed corn futures to a limit up close on Monday. Grain analyst Jim Wyckoff said “all eyes are on the sky now” as we move into weather markets. Wyckoff said May 10 is a critical date for corn planting and reminds that we are rapidly nearing it. Click here to hear this week’s market forecast.

Monday’s USDA Crop Progress report showed only a one percent increase in the acreage planted for the key 18 corn growing states over last week. Of the three “I” states, Illinois and Indiana showed no planting progress last week and Iowa moved from zero acres planted last week to 2 per cent planted this week. This should drive the bulls' momentum.

The International Grains Council has released their 2013-2014 forecast.

  • Global wheat production is forecast at 680Mt, up 4 per cent from 2012/13 due to 3 per cent higher harvested area in most major regions aside from the US.
  • Global wheat consumption is put at 678Mt.
  • EU wheat production is expected to increase to 130.3Mt  from 123.6Mt in 2012/13, despite slow development due to cold weather.
  • Early IGC estimates show a record global corn crop of 939Mt, 10 per cent higher than last year’s drought-hit crop.
  • IGC expects a record US harvest of 357Mt, up 30 per cent on the year.
  • Global consumption of corn is forecast to increase by 6 per cent to 912Mt (864Mt 2012/13) due to a rebound in demand for feed in response to better supplies.
  • The IGC put 2013-2014 world corn closing stocks at 143Mt, up 23 per cent year-on-year. 

Click here to learn more about IGC’s forecast.

One final hot topic this week - the EU Commission can now impose a two-year restriction on neonicotinoids, a commonly used insecticide for broad acre and horticultural crops, following a vote amongst EU member states.

The ban is related to concerns surrounding the effects of pesticides on declining bee populations. A recent synthesis of 39 studies on 23 crops around the world, published earlier this month in the journal Ecology Letters indicates that wild bees are more abundant in diversified systems, such as organic farms.

However some farmers and experts say the theory is based on insufficient data.

NFU lead on bee health Dr Chris Hartfield said: “At the moment, there is no evidence to show that there are any harmful effects of neonicotinoids on bees under field conditions. If we cannot find evidence of harm in the field, then it follows that we will not be able to measure any benefits of a ban either. It looks like we are about to make populist changes that do nothing to measurably improve the situation for bees, but will make it harder and more costly for farmers and growers to control pests on a whole range of agricultural and horticultural crops.”

Click here to read more about the neonic ban.

Have a great week!

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This Week's Articles and Analysis

Between the Rows: Early Season Corn Pests and Diseases
As corn planters begin to roll, it is important to understand what pests and diseases could show up in the early stages of the corn plant's life cycle.

For Brazil, Two Crops are Better than One
New research finds that double cropping — planting two crops in a field in the same year — is associated with positive signs of economic development for rural Brazilians.

Remain Aware of the Potential for Herbicide Carryover in 2013
Dry soil conditions such as such as those in Illinois in 2012 often slow the rate of herbicide degradation and increase the potential for damage to rotational crops from herbicide carryover, according to a University of Illinois weed science expert.

Soybean Yield, Soybean Cyst Nematode Responses to Liquid Pig Manure
Soil fertility management plays an important role in developing sustainable strategies to manage soybean cyst nematode and improve crop yield in soybean-maize cropping system, according to new research from the University of Minnesota. Manure reduced nematode numbers under certain conditions.

Reproductive Effects of Pesticides Might Span Generations
North Carolina State University researchers studying aquatic organisms called Daphnia have found that exposure to a chemical pesticide has impacts that span multiple generations – causing the so-called "water fleas" to produce more male offspring, and causing reproductive problems in female offspring.

Market Reports

China Wholesale Prices - 24 April 2013
USDA GAIN: Thailand Weekly Rice Price Update - 24 April 2013
USDA GAIN: West Africa Rice Annual 2013
USDA GAIN: South Africa Sugar Annual 2013
USDA GAIN: Taiwan Grain and Feed Annual 2013
USDA GAIN: Tunisia Grain and Feed Annual 2013
USDA GAIN: Argentina Sugar Annual 2013
China Wholesale Prices - 25 April 2013
USDA GAIN: Burma Grain and Feed Annual 2013
USDA GAIN: Mexico Oilseeds and Products Annual 2013
USDA GAIN: Kenya Sugar Annual 2013
USDA GAIN: Peru Sugar Annual - April 2013
USDA GAIN: Australia Sugar Annual 2013
Australian Weekly ABARES Report - 26 April 2013
USDA GAIN: Kenya Grain and Feed Annual 2013
USDA GAIN: Thailand Sugar Annual 2013
USDA GAIN: Turkey Sugar Annual 2013
USDA GAIN: El Salvador Sugar Annual 2013
IGC Grain Market Report - April 2013
China Wholesale Prices - 28 April 2013
USDA GAIN: Philippines Sugar Annual 2013
USDA GAIN: Mexico Sugar Annual 2013
USDA GAIN: Ecuador Sugar Annual 2013
USDA GAIN: Colombia Sugar Annual 2013
USDA GAIN: Honduras Sugar Annual 2013

Global Crop Industry News

   European Union

Cattle and Crop Farmers Could Benefit From Joint Maize Venture
European Biofuels Industry United Against EU ILUC Proposals
CAP Agreement Expected in June
EU to Ban Neonicotinoid Pesticides
Europe Needs Genetically Engineered Crops, Scientists Say


Common Agricultural Policy Reform on Course


Growing Forward 2 Launched in Manitoba
Barley Bred in Alberta is a Win for Prairie Growers


Borrowing Survey Shows Farmer Confidence Remains Strong

   United Kingdom

CAP Budget Cuts Require Rethink of Spending
Precision Agriculture has Important Implications on Food Security
New Grass Hybrid Could Help Reduce Likelihood of Flooding
Tomorrow's Top Crop Varieties on Show at Cereals 2013

   United States

CME: Corn Futures Closed Lower Tuesday
More Rain Likely into May; Time Not Crucial for Corn Crop Yet
Grains: Where are the Stops? Wednesday, April 24
Jim Wyckoff's Closing Update: Corn Higher, Soy Lower
Stalling Ethanol Demand Helps Livestock Producers
CME: Corn Futures Closed Higher Wednesday
Strengthening Legumes to Tackle Fertilizer Pollution
Grains: Where are the Stops? Thursday, April 25
Jim Wyckoff's Closing Update: Corn Closes Higher
CME: Corn Futures Closed Higher Thursday
Grains: Where are the Stops? Friday, April 26
GeoGrain: Grain Basis Slips Due to River Flooding
Grain Hedge: Lack of Fundamental News Lead Grains Sideways
New Bill Opens Way for Migrant Workers
CME: Corn Futures Closed Lower Friday
Grains: Where are the Stops? Monday, April 29
Jim Wyckoff's Monday Closing Grains: Corn Closes Limit Up
Wyckoff's Weekly Forecast: May 10 Is Critical Planting Date
Agronomist: Don't Fall for the Three Tillage Temptations
Trans-Pacific Partnership Offers Opportunities for Agriculture
Coalition Applauds Introduction of Agricultural Worker Bill
CME: Corn Futures Closed Higher Monday
How Large Does the Corn Crop Need to Be?


Jim Wyckoff's Morning Report: Gold Shortages in Some Countries
Jim Wyckoff's Morning Report: Gold Trades Sharply Higher in US
Jim Wyckoff's Morning Report: Market Place Awaits US Growth Reading
Jim Wyckoff's Morning Report: Italian Bond Yields Fall to Two-year Low


Romanian Winter Crops Performing Well, Corn Sowing Delayed


P80 Million Granted to Support to Polillo Farmers, Fishermen


China Food Prices Remain Stable


GrainCorp Agrees A$2.8 Billion ADM Takeover


Myanmar Rice Production Sees Increase

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