Gordy Kralovetz with Chiodo Commodities said it was very unusual for the USDA to cut the projected yield for this year's corn crop so early in the season. In the Outlook Forum late in March the USDA projected an all time record yield of about 183 bushel an acre. The May Supply Demand report is the first USDA in season estimate of the corn crop. In this mornings report the USDA dropped the corn yield to 177 bushel an acre. That is a pretty sizable drop so early in the season. Maybe the USDA is considering how late the corn crop is getting planted this year?

The headline numbers were really the wheat crop. Again it was unusual for the USDA to drop the wheat crop this early. Maybe the USDA could no longer ignore the trouble we have in the U.S. with the winter wheat crop. Remember around 40 percent of the winter wheat is rated poor to very poor. The all wheat crop would have been much lower still if the USDA had not projected a big spring wheat crop. You have to question that assumption when you look at where most of the spring wheat is grown in the United States.

Spring wheat is grown in North Dakota and the Red River Valley in Minnesota. They have been dumped on by a couple huge snow storms and now a lot of rain. It sure looks like there will be a lot of prevented plant acres up there? Click on the link and listen to Gordy talk about the May USDA Report about 15 minutes after it was released this morning!

18 Annoying Things that People in the Midwest are Doing

You know those Post-it notes that you used to put up on your mirrors or around your house to remind you of different things. Well, some people in Minnesota, Iowa, and Wisconsin could use a whole pile of those to put up all over their world because they need some refreshers on a few basic things. Most are about driving but there are a few other moments in life that you'll realize annoy you too.
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