Steep Increase in Corn in Chicago - 40% of Unordered Areas - Time is Coming (Too ) In the US, maize seed sowing started in mid-April 2019 in the normal timeframe. However, at the beginning of May, order processing was delayed and lagged behind the multi-year schedule due to continued high rainfall . With deadline of Sun, 26th May. not quite 60% of the corn areas were ordered . In the 5-year average 90% of the planned space has usually been ordered by this time. The US farmers now have 2 weeks left , but the soils are soaked , barely drivable, and the weather forecasts continue to promise sustained rainfall . Under these conditions, until the end of sowing, the remaining time is likely to be insufficient to order the remaining 40% of the planned corn area. The weather was not only too wet, but also too cold . With the deadline May 26th.only 32% of maize seeds had accumulated; it would have had to be just under 70% on a multiannual average. It is expected that a considerable part of the maize area will remain unordered . In addition, due to the growth delay and the late sowing dates a reduction in the growing season is expected, which should reduce income. Rough calculations lead to a reduction of the corn area of approx. 15 % and a reduction in average yields of 10% . Overall, the US corn crop could deliver less than 340 million tonnes instead of the previously forecast 380 million tonnes. With largely unchanged consumption as a result of the high number of livestock, exports by the world's largest maize exporter are likely to decline significantly. The expected lack of supply is already pushing up prices.
