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| First crop ratings for corn come in hot at 75% G/E.
The 6th best start in the last 20 years and best since 2021.
Came in above the trade estimates of 70% and last years 69%. The 5 year average is 69%.
Yes short term it’s going to be hard for big money to find a bullish story with these numbers.
Right now these numbers would indeed suggest the possibility of above trend line yield.
But we all know these initial numbers don’t mean much. Not saying this will be remotely a similar situation to 2012, but in 2012 our starting number was 79%. One of the best starts all time.
The real uncertainty and problems with this crop are going to arise later in the year.
Those compaction issues, the root structure problems, the nitrogen losses. It will all unfold later this year.
With ideal conditions and timely rain.. yes a monster crop is still possible. But Mother Nature tends to be anything but kind.
We all know the issues that come with mudding a crop in.
Anything can happen from here…
Listen to today’s grain audio update where we go over how to get comfortable in these markets.
Listen Here: https://txt.so/ZHCEJR
(Chart Credit: Rich Nelson & Karen Braun)
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Corn ratings 6th best start in 20 years
