Here in southern Kansas we have been wet all summer and have not started corn harvest. Hand shelled some 5 days ago it was 22 and has been too rain/cloudy for it to have dried much if any since then. I think our corn crop will be a couple bushel/acre lower than last 2 years due to flooding and too wet in early June. Upland corn in the area will be the best it has been since 2021. Talked to a farmer that farms 3 counties to the west, he has not started and thinks this year will be his best dryland corn crop ever and might break the 100 bu mark the first time ever, he also planted more dryland corn then ever before. With the delayed start of harvest end users have run very low on corn and for a couple of days the basis jumped 60+ cent from the previous week. Talking to the truck drivers that are hauling my old crop corn to the eplant, they said they have hauled some dryland corn that was being cut in central Kansas and they said that the farmers are giddy about how well it is yielding. Late finish in Kansas = big crop Early finish in Iowa = ? I think here, during and after harvest we will see very low basis on corn, especially if there is any kind of a rally in the futures. |