Market Matters Blog
Katie Micik DTN Markets Editor

Monday 08/27/12

Tour Adds Fuel to Cash Soybean Prices
After a week out scouting fields, it's not surprising the national average cash price for soybeans is up 80 cents.[Read Full Blog Post]
Posted at 8:40AM CDT 08/27/12 | Post a Comment
Comments (3)
I have harvested 110 acres of corn at 18% moisture, 54 test weight and a 50 bushel per acre average. Parran Southern Maryland.
Posted by Parran Russell at 2:17PM CDT 08/27/12
I have several thoughts regarding the 2012 corn crop. 1. We started with 165 bushel nationwide average projected. 2. We now are at 120 bushel projected or roughly 25% reduction. Do we really think this crop has only shrunk 25% from the optimum national yield? You use 50# test weight alone and it is 10% reduction from 120 or 108 bu. Finally we have 50% irrigated corn in Nebraska. However the reality is each 160 acres has only 130 irrigated with 26 dryland plus 4 for roads. 130 X 190 bu 26 X 25 bu 156 acres at 160 bushel average. Throw in the 50% non irrigated corn at an optimistic 50 bu. average and the Nebraska crop looks more like an average of 105 bushels. We are supposed to be at 130 bu. Don't think so. This nationwide crop is going to shrink towards the 100 bu average in my humble opinion. I think this is the real number.
Posted by marion arneson at 4:00PM CDT 08/29/12
Go back to 1980, 1983, and 1988. The highest ave. yield was near 91 bpa. The other two were in the 80's bpa. We hauled old corn this summer from bins at 62 test weight. This crop won't be as heavy! I am in your camp Marion!
Posted by Roger Cooper at 6:56AM CDT 09/03/12
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