ATCHISON, Kan. — Although many farmers across the Midwest won’t be thinking about putting the corn planter to work for a few weeks, the planting window for farmers in the Delta is fast approaching. But, after heavy rainfall recently, will conditions allow it?
“The Delta weather just might be the sleeper that very few are talking about right now,” said Mike Zuzolo with Global Commodity Analytics. “That part of the U.S. has been very wet heading into their corn planting window and it doesn’t look very good as far as Mother Nature letting up and letting those farmers get started.”
For the most part, farmers from all regions of the country have decided what crops they’ll plant on their acres and a better understanding of that will come from March 29th’s USDA Prospective Plantings Report. Those numbers will be anything but set in stone.
“We have three times more U.S. soybean ending stocks and stocks-to-use ratio levels versus what we had two to three years ago, so the markets may decide to take the soybeans lower and leave the corn where it is,” Zuzolo said. “Unless that happens I think wheat and corn keep soybeans elevated all the way into planting.”
Zuzolo says then he will start to question whether the acreage base is there and if the premium in the soybean market will be needed.
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