What do you think captain USA, WILL THEIR BE FIREWORKS in the September 12 USDA report, or will things be neutral until the combines start rolling,
**** the USDA. Those idiots have no clue. Sept 12 will probably be a yawner thought they did say they may have a handle on prevent plant acres, however my gut feeling at this point is they will just raise yield and/or cut demand to make up the reduction, which on both counts is horseshit.
Currently corn processors are hand to mouth running 12 hours 7 days a week and a plus .15 basis, they are not getting enough corn. Local coops are at the lowest corn inventory levels in years.
We're just starting silage chopping and I do a small amount of custom work, I have not been in a field appraised over 200 BPA yet, moisture is 68% yet with kernel moisture at 42%, we are a solid 10-14 days behind getting started. Seed corn harvest was attempted last week, corn sprayed with defole still in the upper 40's for moisture, suspended for 10 days. Variability in fields is pretty extreme, seed production coming in around half to 3/4 of last years yields.
And we're a better area.
None of this will matter though, they'll kick the can to the Jan. report where they can shave production and reconcile the numbers a bit and roll out a massive planting intentions number for 2020. Bear in mind, USDA claims we planted 90 million acres of corn this year, they also acknowledge a large prevent plant, 10 million acres +/-, keep 98 million corn in your head for next year, maybe 100, it won't happen but that doesn't matter.
Did I say **** the USDA?