The deadline to report planted acres to the FSA office is July 15th, HOWEVER most FSA offices are staffing only one or two employees in the office which may cause a longer process when reporting. Consider reporting early to mitigate the rush later on.
Well, markets looked like they wanted to open on a positive note today but as the session progressed beans faltered. Corn took to the upside today with more ethanol plants opening up, the ethanol report showed increased ethanol production for the 4th week in a row and so that did excite the corn market! Weather is WET!!! We need a break. Thankfully I think we will see things get a chance to dry out next week with no chances in the forecast for the next 10 days. I wish I had new news to share but other than the weather turning off wet there just isn’t much new to share.