Where you are concerned about seeds being deposited into a field or part of the field previously not infested, there are some herbicide options for controlling the seedlings before they become established. New Lows Corn Update Prices closed on May 26 sharply lower with a 10 month low in December futures and a contract low for July. Near ideal weather pressured prices. Asian economic concerns added to the bearish mood, raising questions about demand. Asian economic concerns were fueled by new lows in the Japanese yen and declines in the Korean stock market.
Emergence is well ahead of last year.
Weather developments remain the key to this summer's pricing decisions. For the moment weather patterns have moderated weather concerns. However, this year's El Nino continues to parallel 1983's which may threaten a late summer drought. Wheat Update Wheat prices were sharply lower making new contract lows. Recent rains have been viewed as beneficial for 1998 crop yields.