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South Central Iowa | We don't really have any premium in the market currently. $3.71 is not some astronomically high price. It is a price that, when combined with acreage anticipations, tends to suggest that the market assumes we have already harvested at least a 168-70 bpa crop. If we get over $4 on the nearby, then we can start talking about weather premium; right now, it just isn't there.
Spotty planting process in SCIA. Some things started going in, some stopped because of rain. Mine all too wet yet. Rain forecast tonight and Monday night through Thursday.
Here's a chart to give perspective of where the corn market is; $3.46'4 is the low from 2015 on the continuous:
Edited by Conan the Farmer 4/15/2017 16:22
 (CornApril15.png)
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 CornApril15.png (60KB - 84 downloads)
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Planters are rolling
