Agricultural producers who have coverage under most crop insurance policies are eligible for a premium benefit from USDA if they planted cover crops during this crop year. The Pandemic Cover Crop Program (PCCP), offered by USDA’s Risk Management Agency (RMA), reduces producers’ overall premium bills and helps them maintain their cover crop systems. CLICK HERE FOR MORE INFORMATION
Crude Oil- 72.38 up 1.50 US Dollar- 90.51 down .01
DOW- 34,299 down 94
The market had a hard time keeping its head up today with the news being cooler and slightly wetter forecasts. I took a look at our forecast and I while the rest of the week is MISERABLE hot, we do see a break in temps next week but we don’t see many chances of rain in the forecast. I heard that some towns in Nebraska recorded their driest period in history for a period from June 1 through present and still have no rains in the forecasts this week. So, while some might be seeing showers there are a lot who aren’t. I would say its probably too early to be saying we’re losing yield potential certainly in regard to beans but I suppose you might have some luck making that statement for corn as pollination will be here before you know it and we’ll need some precipitation to fuel that process. The crop condition report came in less than some had hoped for but again the weather forecast prevailed and we saw new crop corn, beans, and wheat fall. Now, wheat is more attributed to the fact that the next 10 days of dry warm weather is ideal for wheat harvest.