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Highlights, Old Crop Sales, CPI, Broilers & Ethanol, Markets & Rain Days Update 7/14/22

Highlights


Tarspot has been found in the Heyworth, Illinois area. An agronomist said, “That means the plant was infected 3 weeks ago. It can start at the top or the bottom of the plant. The more moisture at night the worse it will be. It may not look bad now but it can devastate a crop.”

Yesterday’s weather forecasts turned a bit drier overall for the Corn Belt as above normal heat is expected to stay in Western Corn for the next two weeks.

Corn and bean prices are trying to price the hot and dry weather forecast, fear of recession, and last week’s 3 to 4 inches of rain in Iowa and Illinois with what is perceived to be poor demand worldwide.

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