November 6, 2013
The importance in the role of agribusiness is connected to energy, food and commodity’s market. Weather and climate has made its mark on last and this years crop yet, good news surfaced in the released report in “AGRIBUSINESS: Corn, Soybean Harvest Ahead Of Pace” in this years market.
November 4 the “crop progress report showed 75% of the state’s corn and 95% of Iowa soybeans are in the bins, both ahead of the 5-year harvest average for the first time this year.” It was reported last week of October, “soybeans overtook the average for the first time”. Further, nationally harvest is “ahead of pace, but only one to two percentage points; corn across the country is 73% harvested, while soybean harvest has progressed to 86% complete,” posts WhoTv in Des Moines Iowa.
Recent rains have helped soil moisture – 57% of statewide topsoil moisture and 36% of subsoil moisture are in the adequate to surplus categories – 10% and 3% increases from last week, respectively.
“Some producers are also still waiting to dry down high-moisture content corn, an issue Iowa Ag Secretary Bill Northey says is complicated by limited supplies of propane.” The weather and climate will continue to push the boundaries of agriculture where scientist and economist will have to assess the vitality and heartiness of the grain stores and market.