Market Matters Blog
Katie Micik DTN Markets Editor

Tuesday 05/28/13

Prevent Plant Complicates Corn Acreage Picture
Farmers in parts of Iowa and Minnesota are contemplating making a prevent planting claim, many of them for the first time. There are a myriad of factors behind the decision, but what does it mean to the market?[Read Full Blog Post]
Posted at 4:55PM CDT 05/28/13 by Katie Micik | Post a Comment
Comments (1)
Prevent plant does not work for soybeans as it does for corn. After land cost it is hard to shed enough expense to make it work. So planted acres of soybeans could be at USDAâ?™s estimate or higher. Grower that are in a position to take prevent planting need to know the rules, to get as much corn versus bean prevented plant, to get as much coverage as they paid for. From this point of view the next upward push in price could come from wheat stocks. The bullishness of exports seems to be declining barring a normal freeze in Brazil. HRWW is sick. The market is expecting world supplies to cover our decline in production. Short corn stock could have feeders sucking up wheat. This may be push in prices this mess of weather is providing. It seems wheat needs to pull corn higher. Freeport, IL
Posted by Freeport IL at 12:58AM CDT 05/30/13
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