UK Crops Marketing and Management Update

A key component of marketing stored grain is monitoring local basis and understanding the seasonal components of basis. Figure 1 and Figure 2 show the monthly average corn and soybean spot basis, respectively, for 12 Western Kentucky markets. Notice that basis tends to follow seasonal patterns with the widest level at harvest with appreciation into spring and early summer.  

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MarketingJennifer Elwell
Recommendations for Late Season Grain Harvest

Estimates indicate that nearly 10% of the corn crop and 30% of the soybean crop in Kentucky are yet to be harvested, which is behind previous years but typically seen across the US grain belt this year. Field drying has slowed considerably, and most late planted crops are still above moisture levels that are considered safe for storage.

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Jennifer Elwellhandling
FARM BILL UPDATE

Budgetary issues continue to be a challenge as farm/commodity organizations attempt to strengthen the safety net for U.S. agriculture amidst a depressed agricultural economy, while other groups, such as hunger advocates, and conservationists attempt to protect their programs.

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PolicyJennifer Elwell
NASS to measure Row Crops production

USDA’s National Agricultural Statistics Service mailed the annual Row Crops County Agricultural Production Survey earlier this month, one of the agency’s larger surveys that queries more than 8,900 Kentucky farmers about acres planted, acres harvested and production for their 2017 corn, soybeans, hay and tobacco crops.

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Jennifer Elwell
UK Crops Marketing and Management Update

The August and September Crop Production reports disappointed market bulls as expectations were that a less than perfect growing season would produce trend-line or below-trend yields. The potential of a smaller crop would then allow stocks to decline and provided a needed boost to market prices. 

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MarketingJennifer Elwell
Partially Flooded Soybeans

Recent rains partially flooded several soybean fields across Kentucky. The risk of damage to soybeans is more of a concern for green plants. Soybeans that were brown or tan are less likely to be damaged. The following are some general comments.

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SoybeanJennifer Elwellwet