corncloudy

As corn conditions stabilize, be certain to manage your risk

As both a producer and a spec Blogger Kevin Van Trump is staying patient and waiting for the market to make its next move.

Corn bears are talking about cooler temps and more widespread rains for a larger section of the top U.S. growing regions. The USDA left corn crop conditions "unchanged" at 67% rated "Good-to-Excellent" vs. 75% last year. Eleven states showed improvements in conditions compared to the previous week, three states were left unchanged, and four states showed conditions deteriorating. Overall there was some improvements among the states that have been struggling the most. Below are some of the specifics: As both a producer and a spec I am staying patient and waiting for the market to make its next move. This is an important area, as we've seen in years past the corn market can run out of steam much earlier than many of us can imagine, often times by mid to late-June. We have to make certain we are managing risk!  CLICK HERE TO GET MY DAILY REPORT!!

State Conditions "Better Than" Last Year

·  Kentucky +12% better than last year... +0% this week to 85% GD/EX 

·  Tennessee +10% better than last year... +3% this week to 86% GD/EX

·  Pennsylvania +6% better than last year...-2% this week to 82% GD/EX

·  Colorado +3% better than last year... -10% this week to 83% GD/EX

·  Michigan +3% better than last year... +0% this week to 69% GD/EX

·  North Carolina +3% better than last year... +1% this week to 76% GD/EX

·  Minnesota +2% better than last year... +3% this week to 81% GD/EX

·  Texas same as last year... -2% this week to 74% GD/EX

State Conditions "Worse Than" Last Year 

·  Indiana -27% worse than last year... +1% this week to 45% GD/EX

·  North Dakota -25% worse than last year... +3% this week to 61% GD/EX 

·  South Dakota -25% worse than last year... +4% this week to 49% GD/EX

·  Illinois -16% worse than last year... +1% this week to 59% GD/EX

·  Wisconsin -15% worse than last year... +1% this week to 71% GD/EX

·  Ohio -12% worse than last year... +2% this week to 52% GD/EX

·  Kansas -8% worse than last year... -4% this week to 61% GD/EX

·  Missouri -3% worse than last year... +4% this week to 63% GD/EX

·  Iowa -1% worse than last year... +1% this week to 78%GD/EX

·  Nebraska -1% worse than last year... +0% this week to 78% GD/EX

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