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Only 2% of 2013 U.S. Corn Planted

USDA Report Shows 2013 Corn Planting Well Behind 2012 Pace

By , Farms.com

The most recent U.S. Department of Agriculture (USDA) report shows corn planting is far behind 2012 numbers. Only 2% of 2013’s corn has been planted across 18 states, which represented 92% of the 2012 corn acreage.

This time last year roughly 16% of the corn acreage had been planted. Corn planting has been delayed due to cool soil temperatures. In 2012, Illinois had 38% of its corn planted and the most recent report says that only 1% has been planted this year. Prior to the USDA report, it was projected to be an optimistic outlook regarding 2013 planting.

The report notes that many of the leading corn-growing states have not yet begum planting. Following the report, the National Corn Growers Association said that the slow planting progress isn’t a cause for alarm, especially this early in the season. The association says that the slight delay could still mean a good group for this year.


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Iran War = “Trend is Your Friend” Short-Term BUT……

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Historically wars like the 2026 Iran war are bullish hard assets like grains, metals and energy! The funds are spooked and do not want to be short, but do they price in the news over time, similar to the Ukraine/Russian war that started on Feb. 24, 2022? A closure of the Strait of Hormuz is the key to the surge in crude oil, natural gas prices and fertilizer prices.  Grains are breaking out to new contract highs as a hedge against inflation.