Crop marketing in 2011: Outlook and issues

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2010-12-01
Authors
Hart, Chad
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Hart, Chad
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Proceedings of the Integrated Crop Management Conference
Iowa State University Conferences and Symposia

The Iowa State University Integrated Crop Management Conference is Iowa's premier crop production education event. No other program in Iowa brings together the diverse range of topics, slate of expert presenters and results of the latest University research.

The ICM Conference offers workshops focusing on the latest in crop production technology. Experts from Iowa and surrounding states will provide research updates and results in soil fertility, soil and water management, crop production and pest management.

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Abstract

What a difference a year makes. Last year, we were dealing with snow on the ground in October and late maturing crops. This year, we have barely seen any precipitation during harvest and the crops matured early. Figure 1 shows harvest progress for U.S. corn (as of Oct. 24) and compares this year’s progress with previous years. As the graph shows, the 2010 corn harvest in the U.S. is the one of the fastest of the past 30 years. In comparison, the 2009 harvest was one of the slowest on record. Figure 2 displays the same information for U.S. soybeans, different crop but the same story. Delays in harvest supported crop prices last fall. The quick harvest this fall has put downward pressure on prices, but that impact has been overwhelmed by other factors.

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