STATELINE COOPERATIVE’S MORNING COMMENTS FOR MAY 20, 2019
CORN AND SOYBEANS are trading higher this morning. The extended forecast is the main reason, as Mother Nature isn’t giving anyone a large enough window to get much field work accomplished. Corn planting progress is expected to be at 50%, in the slowest reported years, planting progress has been at 70% by this time. December Corn has broken through the $4.00 mark; with 4-5 million acres at a risk of not getting planted or switching to soybeans, there should be potential for more icing on the cake. The soybeans continue to play follow the leader, the trade war is still going on and talk of corn acres being switched to corn. Soybean planting expected to come in around 25%, well below the 43% average.