Spring has been mostly good for the U.S. crop

A market analyst says it’s been a good planting season so far in most of the United States.

Tim Marsh with Summit Commodities tells Brownfield nearly everyone seems pleased, with a few exceptions.

“In some areas the crop has come out slowly and over in Indiana there’s been some replant, but that’s always usually happening somewhere in the Corn Belt.”

He says more prevent plant acres are likely in the Dakotas and Minnesota. There are also hot and dry conditions in the Eastern Corn Belt expected later this week, which Marsh says could be a concern.

“However, a former extension climatologist at Iowa State University used to say hot weather before July 4th is good for the crop and it’s only after that where hot weather is bad, but traders won’t ignore that.”

Marsh says the expectation for a good U.S. crop is part of the reason why the commodity markets have been under pressure.

Add Comment

Your email address will not be published.


Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!