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2015 US Corn Belt Crop Tour: Minnesota

Ninth state in a 12-state tour

By Diego Flammini, Farms.com

The 4th annual Farms.com US Corn Belt Crop Tour continues to make its way through the American Midwest, visiting some of the heavy hitters in agriculture in the United States.

Led by Farms.com Risk Management Chief Commodity Strategist Moe Agostino, the team started the tour in Ohio and made their way through Indiana, Illinois, Missouri, Kansas, Nebraska, South Dakota and North Dakota.

The ninth state visited during the 12-state tour is Minnesota; a state that ranks in the top 10 of corn, soybean and wheat production in the United States.

Minnesota

Throughout the tour, many of the farmers in the other eight states have battled excessive moisture. Minnesota seems to be in a little better condition than the others.

“I’m not seeing the standing water or moisture issues that we’ve been accustomed to on the tour,” Agostino said while standing near a wheat field on his way to Rochester, Minnesota.

Agostino said the soybeans in Minnesota are the best he’s seen during his tour.

The farmer responsible for those beans gives Mother Nature some of the credit for his field’s success.

“Since May 1st we’ve had ideal rains. It’s been perfect,” said Kevin Vetter from St. Peter, Minnesota. “We’ve had half-inch rains every three to four days and we’ve been pretty lucky right now. Our biggest rainfall was probably two inches at one time.”

Continue to follow the 2015 US Corn Belt Crop Tour as it makes its way into Iowa. Follow the tour on Twitter using the hashtag #CornBelt15.


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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.