July Update Things are looking

July Update

 

Things are looking really good here in Central IL. We have a had a
enough rain to get thru the pollination part of the summer. Actually, we have
had too much rain in some places and have lost crops in some of our low lying
areas of fields, but it looks minimal compared to past years. We have not done
any yield checks yet, but the potential kernels on the corn plants looks
good. The plants look healthy and some of the trials we have done with our
microbial systems approach are looking really good, and will make for an
exciting harvest. Now for the bad news, we need to get the prices back
up! The fundamentals of the markets were looking favorable for stable
prices into fall and then the tariff issue hit the news. A sharp decline in the
market has everyone on edge after the previous years of negative income has
everyone on edge, especially with an early harvest approaching. Prices
have returned to below break even levels, and a large crop will be needed to
make up some of the difference in the loss of price.