July 2008

Currencies Current Markets

Mother Nature’s Resilience

The current corn crop appears to have materially overcome the delays of a wet spring. April’s plantings were 30% behind normal. The picture became grimmer with May’s plantings were as much as 50% behind normal. This led to serious concerns as yield has been directly correllated to planting date with yield falling consistently with date planted after May 1st. However, through the modern technology of GPS, tractors were able plant through the night as the wether allowed. This led to being fully planted by June’s acreage report. Now that the corn has been in the ground and had a chance to …