2012 Wheat Variety Trial Results Now Posted

The results of the 2012 Wheat Variety Trials conducted in Spencer and Posey Counties are now available.  The 2012 plots contained 39 wheat varieties, replicated four times.  The results for both plots are located on the Purdue Extension-Spencer County website.   

Weekly Outlook - Considerable Uncertainty About Both Corn Supply and Demand

July 2012 corn futures are currently trading about $1.00 below the peak reached in August 2011, but $1.40 above the low reached a month ago. December 2012 futures are trading $1.50 above the low of June 15, 2012 and within $0.15 of the high reached on August 31, 2011.

Much of the recent strength in corn prices has been associated with very hot, dry conditions in the central and eastern Corn Belt and indications that yield prospects have been reduced substantially in those areas. As much of the crop in the Corn Belt has or soon will enter the reproductive stage, the market will continue to try to determine production prospects. In addition, the market is assessing the likely strength of demand to determine what price is needed to balance potential supply with likely consumption.  <Read More>