There is a lot of apprehension in the upper Midwest about the condition & size of the 2011 corn crop. Many dealers & farmers have shared concerns that the yields will not match up with what we have come to expect, or with the market demands.
Why not? Many factors, including:
- Delays in getting the crop planted in many areas
- Slow growth & development due to cool growing conditions
- Significant flooding along the Mississippi & Missouri river corridors, and their tributaries
- Very warm conditions during the critical month of July. Pollination & grain fill typically happens in July
- Drought in Texas, Oklahoma, Kansas & the southern Plains. This has moved east & north into Illinois, Indiana & Ohio recently
- Summer storms with high wind & hail. I have heard of at least several hundred acres in IA & NE that were destroyed by a storm last night. http://meteorologicalmusings.blogspot.com/
The beef industry is already preparing itself for smaller corn supplies. Will cattle feeders use less corn in the future? Here's 1 opinion: http://beefmagazine.com/cowcalfweekly/0819-beef-industry-transition-away-corn/
How are crops in your area? What is the outlook?