Monday 2 May 2011

Analysts keep close eye on corn planting

US blog CropWatch reports that dust plumes rose from central Iowa fields as the sun rose on the morning of May 2, 2011. Corn planting has started in earnest. 
Iowa State University's Roger Elmore wrote: "Our Extension agronomist colleagues report planters started running across most of the state either late last week or certainly over the weekend. Weather conditions for the next few days look promising."
"Soil temperatures have finally reached normal across most of the state, and thankfully, normal is 50⁰ F."
Last week, US corn futures ended sharply higher on renewed weather concerns. Conditions were "turning drier in the western Midwest", though planting progress was expected to remain slow because fields were saturated with moisture and soils are cool, according to Telvent DTN.  
Weather will remain the driving force behind price moves in corn, with drier outlooks for the western Midwest this week providing potential for a pick up in the seeding pace for a crop already being planted at half the pace of normal for this time of year, analysts said.

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