The members of "The Greatest Generation" that are still with us have to be in shock at children nowadays. Compare what those from that generation had to live through compared to children of today. Many of them woke up long before the sun to do chores before school (if they were lucky enough to go to school at all). Then work after school and weekends. Then when they turned 18 instead of going to prom the went to boot camp only to be sent to the battlefields of Europe and the Pacific to fight the worst war the earth has ever known. If they survived all this they came home went to work and payed some of the highest tax rates we have ever known.
In addition to the shock "The Greatest Generation" must feel about our children's life nowadays, I'm sure they are even more shocked by the government having the nerve to tell it's citizens that children can't work on farms anymore.
Nice rain late afternoon. We were getting a little bit dry. Will finish wheat between the next weather systems. Lots of corn going in, too early yet for beans. Crop ratings are pretty good at this time.
sigurdur, Most of the East Coast and much of the west/southwest is dryer then normal. After a really wet first four months of the year we are starting to dry out with not much chance of rain on the long term outlook for us here in Texas. Hopefully, this dryer weather pattern breaks and farmers get the spring rains they need. Summer is not far off.
Glenn: Statisitically, the corn belt should have a serious drought this year as it is 6 years over due.
With that said, I think corn production will be somewhat ok as the acres have increased so much. Wheat will also be ok as Canada is recieving precip and the hard winter wheat area's are doing ok.
And now the sticky one. Soybeans. The world is short off these right now, and I do think that production will be sub par. I have forward contracted some production, and will now take a wait and see attitude.
Reason one is that I don't want to be short production/delivery of a cash contract. Writing a check for the market difference with no production would be truely painful.
I think we are in for a roller coaster ride this summer, so will only say hold on to the seat of your pants.
sigurdur, When you say we are in for a roller coaster ride this summer do you mean weather wise? Commodity price? All of the above?
Down here in Texas the commercial fishermen I know are saying the same thing. Strange occurrences in the natural cycles are a little out of kilter. We just came out of our worst one year drought in our recorded history so I expect a little "weird" but I have people calling me asking me: "Have you ever seen this" on a regular basis. And in most cases the answer is no.
glenn: I have started looking at proxy data that has been gleaned during the Maudner Minimum. The sun is still a potent driver of climate, no matter what others say. There is too much correlation. We may not know the cause as of yet, but the correlation certainly is extremely strong.
During the last solar cycle that seems close to this one and the previous one, there were wild temp flucuations and precipitation patters were all screwed up.
This is what I mean by a roller coaster ride. All of the above would apply.
Crop ratings are good for corn and soybeans so far. Around here, we are in for a short cool spell. Graduation tomorrow of my youngest daughter. High predicted at 53. She wants to have the after graduation thing in the shop. I thought that was a good idea, but with a high of 53 will prob have to close the door and turn on the furnace.....
Tiz the 9th of June, crops are ahead of normal because of the warmth. What is troubling is that 1/3 of the corn belt is suffering from being so dry. Normally, June is a wet month with July having a bit less and August the driest month. With that in mind, unless trends change, there is going to be reductions in yield on a large acreage.
Canada is doing ok generally on the moisture front. Parts of their crop were a bit late due to excess moisture in Sas, so reduced yields would be expected. Overall tho, they are ok.