83% of US corn sowing completed on June 9, 2019 - 99% is usual In the last week, US corn farmers once again posted strong gains. They managed to increase the cultivation progress from 67 to 83% of the planned area. There are still 17% left. The weather is expected to remain predominantly dry in some areas so that the fields could be used, but the sowing period is almost over . Late orders run the risk of no longer being timed before the onset of winter and rarely bring a profitable return. Some US states are even further back. In Ohio, only 50% of the space was ordered. In Michigan and South Dakota, it's only 63% and 64%, respectively. Indiana reports 67% and Illinois has reached 73%. Wisconsin comes to 78% . These are classical corn growing areas, but more located in the northern region of the corn belt , whose vegetation period tends to be shorter. Serious losses will be expected for these regions.Maize has only accumulated to 62% in the US average compared to the long-term average of 93%. The cause is on the one hand the often late sowing and on the other hand the low temperatures . Although it is generally possible that there is still a favorable weather period. The months of July and August are crucial. In such a case, some of the growth backlog could be made good again. Otherwise, it looks bad for the harvest. An early onset of winter would also be evil. One thing seems certain: an above-average harvest is not to be expected this year . Also an average result is unlikely. However, high US overlay stocks provide partial compensation. The increased corn prices on the Chicaoger stock exchange have taken a breather at an elevated level. The prices fluctuate around 413, US-ct / bu and 143, 50 € / t, however, at a more stable euro exchange rate of 1.13 $ / €.
