Adkins Energy Commodities update 5/9
We are seeing protein products staying strong as Bean crush plants keep having a hard time getting beans delivered. Fiber products are all over the board week to week with demand from short forages. Corn products have taken the biggest hit dropping anywhere from $10-$30 per ton.
All states now have some corn in the ground. After no corn planted the week ending April 28, Michigan (5%), Minnesota (2%), North Dakota (1%), South Dakota(7%) Illinois (7%) and Wisconsin (4%) were able to roll out the planters and get in the field. As of May 5th. Way behind the average but after talking to area farms it is going good and should see a big jump in these percentages in the next week. So as you are heading down the road keep eyes out for the equipment travailing from field to field to seed in the ground. Stay safe this season with the planting and take time and check that Elm tree should be a good year for Morel mushrooms.
Commodity Sales Manager