Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322
Each year Price Group’s Grain Specialists Jack Scoville and Jerry Gidel take a summer tour of the crop conditions in Central Illinois and produce an update on the conditions they find. Below is a summary and link to their report!
- This year’s corn yields are highly variable ranging from 140s to near 240 bu. with our results being different than what the field looked like from the Road.
- The Northern counties weren’t as strong as the Southern counties yields. This was a bit surprising given the rain patterns, but field populations were hurt by Late April and early May cool/wet weather.
- Maturity is later than last year with only one field in early Dent and the balance in Milk while this is the opposite of the past few years with just a few in their milk stage on our similarly timed tours.
- Dryness ahead of pollination had an impact on various fields with their reduced yields coming from smaller row counts and ear lengths.
- A good rain in Mid-July that fell along I-74 from Quad-Cities to just before Bloomington appears to have boosted yields in these counties (Tazewell and Logan) vs. areas further east into central IL.
- Our visual tour of Central IL showed a substantial jump in soybean vs. corn fields this year.
- The variability of this year’s soybean crop vs the green carpet of the last few years is quite high. Reduced height and less weed and insect controls were noted impacting upwards of 40-50% of the fields.
- Soybeans maturity also is slow this year. Numerous fields have not canopied and our field stops revealed limited pod sets vs last year.
- This tour is just a snapshot of the agriculture potential in the second leading state in the Midwest, but this area is an important barometer of Illinois’s prospects each year.
Questions? Ask Jack Scoville today at 312-264-4322
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