Author: Michael Ferrari, PhD
VP, Applied Technology & Research
Readers of our long range discussions should recall that last year we were forecasting for a favorable planting season to develop for US corn and soybeans in 2010. So far this season, the expected pattern has been materializing, with planting progress putting most yield expectation models in an early plant scenario (particularly for corn); early planting does not always correlate with high final yields, but it does get the crop off to a favorable start, increasing the chances of higher numbers by harvest. The current week will have some rain affecting soybean planting activities with more impact to the western belt, but next week looks to turn favorable again. As a result, we expect some support to the upside in corn/soy futures trading for this week before a return back down to current levels by week 2.
