Fundamentally Speaking
Joel Karlin DTN Contributing Analyst

Thursday 05/29/14

MN & ND Corn Planting History
This piece shows % of both MN and ND corn put in ground by May 25th and the percent that corn acreage in each state changed from the end of March planting intentions to the acreage number in the final crop production report.[Read Full Blog Post]
Posted at 7:57AM CDT 05/29/14 | Post a Comment
Comments (1)
A look at a Cass county farm located in east central North Dakota shows prevent plant of corn acres may make the most financial cense. Unless one expects over $5.50 per bushel cash, for corn, then continuing to plant corn might be advantageous or $12.65 per bushel cash, for soybean, then switching to soybeans might be more advantageous. (Max available prevent corn acres = Max corn acres planted in resent history with added land adjustments - planted corn acres in 2014. One can prevent plant corn on available prevent corn acres and continue planting soybeans on "soybean insurance acres". Your agent should be able to obtain these numbers for you.) June 10th seems to be about the latest one would want to plant early maturing soybeans in this area. June 10th is also soybeanâ?™s final plant date for crop insurance purposes. North Dakota State University estimates this plant date might see a decline in expected yield of around 6%. Planting soybeans five days past this date looks to make financial if one expects cash soybean to be over $10.50 per bushel and one expects the crop to fully mature. These projections, for both corn and soybeans, assume no variable cost (fertilizer, seed, fuel, etc.) when choosing prevent plant insurance option. If one, for example, has N applied or has seed that is nonreturnable then the numbers are quite different. The values used in these projections are as follows: corn aph 128, soybean aph 33, 85% revenue insurance coverage for both crop, trend corn yield 140, trend soybean yield 36, variable cost corn $360 per acre, variable cost soybeans $160. As ones input values change, the projected outcomes change. One should use their own estimates and talk to your insurance agent. Freeport, IL
Posted by Freeport IL at 5:14PM CDT 05/29/14
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