Harvest 2018 if officially underway and the early reports from the corn fields have been extremely mixed. Wide variation throughout fields withing the area, has farmers not knowing what to expect as for results when they enter into each field. Down corn has been a concern early on as stalk quality deteriorates as each day passes. Moisture in the corn has dropped significantly with the hotter, windier days that we have experienced. Feared high aflatoxin levels in corn have not been a problem so far as few samples have tested positive for it. The corn market has trended downward in the last month on USDA's record yield estimates.
Bean harvest has barely started in our area and like corn, results have varied. Moisture in early beans has dropped, but later numbers still have tints of green with high moisture beans. Most of the bean focus has been on the dismal markets that we have seen. With no trade resolution in sight with Chine, it is hard to imagine a scenario where November contracts will reach levels previously seen this past spring. All we can do it wait and hope for an agreement. Until then, everyone within the Grain Department at the Consumers Oil Company of Maryville, Missouri, wish you a safe and happy harvest!
As always, feel free to contract the Grain Department or Manager Sean Wonderly for any questions you may have or if we can be of any assistance to you during harvest.