A warm and dry week for us here in Illinois with a nice rain early this
morning, about 1/2 inch and a chance of more the next couple of days. The
dry weather enabled producers to make good harvest progress, so far we have
harvested over 1000 acres. By Friday evening we had harvested about all of
the beans that were ready, Saturday we cut a few beans in the morning and
everyone went to a friend's wedding in Quincy yesterday afternoon. Today we
gave everyone the day off but Ryan, Chad and I might work on some equipment
to be ready for Monday! Grain markets worked lower this week with increased
harvest pressure which will continue next week. It is still dry in South
America and as long as that continues this should help prop the bean market
up, once it starts raining and Brazilian farmers start planting bean prices
could work lower.
Pictures this week are of three looking out of the windshield and side
window on my combine and one of the yield monitor. Yields on beans so far
have been good, most with field averages of 72 to 84BPA. I did a couple of
non- irrigated sand fields that averaged about 60BPA Friday night and
Saturday morning, I would call these a win! As most years they would make
from 25-40BPA. I talked about deer damage last week and one 25 acre corn
field we did averaged just over 165BPA, this field had timber around about
1/3rd of it and 7 acres yielded less than 50BPA while the non-timber area
yielded 225BPA!
We will probably pick corn for a day or two early in the week then back at
the soybeans, we have a long ways to go but have a great start so far!.
I hope all is well and you have a productive week ahead,
Harvest has started in our area with several producers shelling corn. I have
not noticed or heard of any beans harvested so far but believe we will have
several hundred acres ready by Thursday or Friday. Corn yields have been
good so far as you will be able to see from the yield monitor pictures. We
picked an 80 acre field on the hill yesterday that has kind of a b shape.
The long rows had fungicide applied by a drone and the short rows had none.
As I combined the field you could easily see the difference as the long rows
were green and 26% moisture while the no fungicide rows were brown and 21%
moisture. Converted to dry corn there was a 40-50BPA yield advantage for the
fungicide! Another thing I noticed was the deer damage along the
timber/woods, it seems to be much worse than usual. I have heard this from
several other producers, deer can basically take at least 24 rows along the
edge and then go out into the field in places. On the 80 acres I talked
about earlier we ran at least a dozen deer out of the field while we were
doing end rows! So far we have harvested about 300 acres and plan to
continue on corn until we have some beans ready. Weather has been warm and
dry with only a tenth or two of rain again this week. Next week looks like
more of the same, with no mention of rain.
We had another USDA report this week and for one the market did not go down,
maybe we have found a bottom and South American sound dry!
Pictures this week are yield monitor, standing corn (still green) and a few
other harvest pictures including what the stalks look like after we harvest.
I hope all is well and you have a productive week ahead,
🌽Checking up on 2024 vs 2014 in the CBOT #corn market.
December corn settled at $4.04-1/4 per bushel on Tuesday, down 18% over the last four months. That is the largest % decline for the period since 2014 (-30%), though it is similar to losses over the same timeframe in 2016. pic.twitter.com/Ti9YZkFH32
