GLG News by Council Members Knowledgeable on Agricultural Land Developments

China confident of its grain supply but not within the US according to Allendale Inc's research. The likelihood of China importing corn from the US is growing weaker.

USDA may have no choice but to trim its 2008 corn yield because of delayed spring plantings. Less yield per acre and fewer acres could have key implications to supply/demand and ultimately price.

Could delayed corn plantings have a dramatic impact on short term corn futures price direction. History has shown divergence in December corn futures price direction.  

Corn plantings for 2008 are in unique company but research suggest it may be premature to panic. Recent historical data suggest planting delays may not impact the final yield.

    The USDA crop report March 31, surprised analysts with a 7 million acre reduction in US corn plantings year on year. Prices have accordingly escalated for three consecutive days to nearly $6.10/bu. This may slow demand by ethanol plants and feeders as potential...

Even with odds suggesting corn acres may expand from the month of March to month of June, corn stocks could drop 67% from 2007/08 to 2008/09 marketing years.

Plants breathe CO2, so it's natural to conclude that they do better in a high-CO2 environment. Weeds are plants. So it's really not news that greater CO2 would be a good environment for plants... but it would be just a good an environment for corn as it would be for ragweed; every bit as nice for...

Recent La Nina weather history has surprising results on the USA corn yield.

The USDA's most recent projections on planted area for corn, soy and wheat in the US for 2008 appear to be optimistic at best.

The ag commodity markets are trading on emotion, and to some extent, fear, without and regard for supply and demand, and the continued economic viability of that demand.  The old market saying is that high prices are the best cure for high prices, but the "cure" may be a bitter pill to swallow