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Three considerations in a rising price environment

The Spring of 2019 is going to remembered as an historic year for rainfall as well as late planting and will surely set a record for the most stuck planter tractors and sprayers. In fact, the National Agricultural Statistics Service (NASS) just reported that only 58% of the U.S. corn crop has been planted. This compares to 90% at this same time in 2018 and a five-year average of 90%. Other wet years that resulted in late planting (2013, 1995, 1993 and 1984) also resulted in eventual national yields that were well below expectations.

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