8-29-16
Pro Farmer Tour est
Corn yield 170.2 and Beans 49.3
Allendale releases there "Farmer" survey on
the 31st this month.
Int"l Grain Council (IGC)
World Production est:
Corn, soybeans and wheat NEW RECORD
Wheat
Corn's problem
Winter Wheat acres MUST come down 2-3.5 mil
Now in spring where are those acres go to,corn and
beans. We need to plant 91 mil acres of corn or less
in 2017. Going to be hard unless the corn/bean ratio moves
to 2.9-3.1 to plant more beans.
Tech Numbers
Dec Corn Res: 329-331 and 334.75-337
Sup: 318.25-316.50 and 313.75-311
IMHO my yr low is 304-294
Nov. Beans Res:980-982 and 986-989 and 992-995
Sup:957-950 and 943.50-941.75
Not seeing any adverse weather in the next 7-10 days.
BUT IF Sept. stays wet like Aug in some areas, that could
shave some yield off beans.
Be Safe
Scott Capinegro/ BCB
