Farm Progress

As both a producer and a spec Blogger Kevin Van Trump is staying patient and waiting for the market to make its next move.

Kevin Van Trump, Founder

June 21, 2017

2 Min Read

Corn bears are talking about cooler temps and more widespread rains for a larger section of the top U.S. growing regions. The USDA left corn crop conditions "unchanged" at 67% rated "Good-to-Excellent" vs. 75% last year. Eleven states showed improvements in conditions compared to the previous week, three states were left unchanged, and four states showed conditions deteriorating. Overall there was some improvements among the states that have been struggling the most. Below are some of the specifics: As both a producer and a spec I am staying patient and waiting for the market to make its next move. This is an important area, as we've seen in years past the corn market can run out of steam much earlier than many of us can imagine, often times by mid to late-June. We have to make certain we are managing risk!  CLICK HERE TO GET MY DAILY REPORT!!

State Conditions "Better Than" Last Year

·  Kentucky +12% better than last year... +0% this week to 85% GD/EX 

·  Tennessee +10% better than last year... +3% this week to 86% GD/EX

·  Pennsylvania +6% better than last year...-2% this week to 82% GD/EX

·  Colorado +3% better than last year... -10% this week to 83% GD/EX

·  Michigan +3% better than last year... +0% this week to 69% GD/EX

·  North Carolina +3% better than last year... +1% this week to 76% GD/EX

·  Minnesota +2% better than last year... +3% this week to 81% GD/EX

·  Texas same as last year... -2% this week to 74% GD/EX

State Conditions "Worse Than" Last Year 

·  Indiana -27% worse than last year... +1% this week to 45% GD/EX

·  North Dakota -25% worse than last year... +3% this week to 61% GD/EX 

·  South Dakota -25% worse than last year... +4% this week to 49% GD/EX

·  Illinois -16% worse than last year... +1% this week to 59% GD/EX

·  Wisconsin -15% worse than last year... +1% this week to 71% GD/EX

·  Ohio -12% worse than last year... +2% this week to 52% GD/EX

·  Kansas -8% worse than last year... -4% this week to 61% GD/EX

·  Missouri -3% worse than last year... +4% this week to 63% GD/EX

·  Iowa -1% worse than last year... +1% this week to 78%GD/EX

·  Nebraska -1% worse than last year... +0% this week to 78% GD/EX

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About the Author(s)

Kevin Van Trump

Founder, Farmdirection.com

Kevin is a leading expert in Agricultural marketing and analysis, he also produces an award-winning and world-recognized daily industry Ag wire called "The Van Trump Report." With over 20 years of experience trading professionally at the CME, CBOT and KCBOT, Kevin is able to 'connect-the-dots' and simplify the complex moving parts associated with today's markets in a thought provoking yet easy to read format. With thousands of daily readers in over 40 countries, Kevin has become a sought after source for market direction, timing and macro views associated with the agricultural world. Kevin is a top featured guest on many farm radio programs and business news channels here in the United States. He also speaks internationally to hedge fund managers and industry leading agricultural executives about current market conditions and 'black swan' forecasting. Kevin is currently the acting Chairman of Farm Direction, an international organization assembled to bring the finest and most current agricultural thoughts and strategies directly to the world's top producers. The markets have dramatically changed and Kevin is trying to redefine how those in the agricultural world can better manage their risk and better understand the adversity that lies ahead. 

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