Time to play catch up after missing the Monday night comments. Illinois grain yields out yesterday afternoon that will affect county insurance policies and payments. Below are the local yields and state yields at the bottom:
County Corn Bean
Lee 182 46
Kane 188 44
DeKalb 189 48
Kendall 176 47
Ogle 184 45
McHenry 158 39
Illinois 179 47
March 31 USDA report for planting intentions will be the next big report out with private companies starting to release their expectations toward the middle of the month. Corn and Soybean basis continues to stay impressively strong due to the lower cash prices.
The Argentina farmer and government are negotiating the export tax on soybeans as farmers still have 3 mmt more old crop soybeans than they did at this time last year. Traders and other countries are fearful that nothing will get resolved and when the Argentina harvest hits in full stride soon, there will be another yearly strike to disrupt the export market down there.
Scott Meyer
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