Both conditions supported the market this week. All of this has meant about a dime gain in new crop corn futures for the week, with a 2-cent rise today. Soybeans have gained some this week also, even though beans lost ground yesterday on concerns that late corn planting means more bean acres. And even worse for soybeans is the arrival of record South American crops on the world market. That will rapidly slow down the U.S. soybean export pace for the remainder of the current marketing year that concludes on Aug. 30 for both corn and soybeans.
Modern equipment can take one from way behind in planting to way finished in just a week or two.