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Rain Delaying Harvest, But Not Damaging Soybeans And Corn

The ongoing rain is delaying the harvest of soybeans and silage corn here in southeastern Manitoba. But Marc Hutlet of Marc Hutlet Seeds at Ste. Anne, says the excess rain is not causing any damage to the soybean and corn crops at this time. He adds farmers would appreciate a dry spell so they could get the crop in the bin. Hutlet notes tests done earlier indicate yields could be a little better than expected.
 
"We had done a couple of trials and yields were a little better than we had expected, so that's a positive. There have been no concerns yet with early shattering as the early-maturing soybeans varieties were just coming into play, in terms of being ready."
 
Hutlet says some silage corn is being harvested between rains.
 
"There are some guys that are silaging and the crop is good, although there are some tracks being made and it's not pretty in some fields. But there is some activity out there because, for them, it's time, the staging of the crop is there and so if they can travel at all, they are out there."
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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

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Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.