Harvest delays in corn and soybeans in the United States expected - sensitive courses
The corn and soybean stocks in the United States are with Argus eyes observed. Any unforeseen weather changes might be associated with damage to the projected record harvests. While wheat prices have found yet no identifiable floor, the corn and soy prices highly sensitive with regard to the Frost hazard, high harvest-delaying rains and cold temperatures are evident.
The weekly US inventory reviews enjoy increasing attention in terms of its the maturity level and the progress of the ongoing harvesting. Has the recent cold wave with temperatures just below zero degrees has hardly any significant frost damage, but ensured that delayed the maturity.
The recent stock assessments for corn on September 15, almost by all regions show a maturity level, which remains at 5 to over 20 percentage points behind the five-year average. The northern areas are naturally more affected than the southern sites.
Harvest progress is lagging behind the results of previous years back. Maize, approximately 4% were stale compared to the 5-year average at 9% on 15th Sept.
The assessment of soya stocks continues to be "good to excellent" with 72% in the category on an above-average level. Harvest progress is documented only from next week.
For the Next 2 weeks , the weather forecast reports no freezing temperatures, but also no magnitude higher than 20 degrees Celsius. The precipitation should move in the usual way, however, is the passage of a storm can be expected, the course of which will be difficult to predict.
In the expectation of high yield , precautions have already taken to be transported down the quantities of goods as quickly as possible to land, water and by rail. As a precaution, even makeshift camps be set up.
