June usda 2013 corn production estimate
Today the USDA projected the corn planted acres to remain at the target of 97.3 million acres. They did however lower the projected average yield from 158 bu/acre to 156.5.
Two facts seem to be at odds with this projection. First the state of Iowa has been the largest corn producing state for nearly 20 years. Second north west Iowa has not had much field work for the last three weeks. I just drove through Iowa and have not seen so many failed acres from wet fields ever. To get back to corn planting will be another week with no rain in some of these fields. That is not the only state with problems but is the best example today.
Prepare to see the June 28th report with changes in both corn and bean acres. What that will be depends on
all of the options that I had in my last post on "plant replant or change plants". Please keep these farmers in your prayers as they face these difficult times.
Serving together, Dean Lundeen
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