The Markets Expect a Good Corn Crop

Des Moines Register:

The USDA’s weekly crop report Monday showed the nation’s corn crop in relatively good shape and making good progress despite a slow planting start. Iowa’s corn is rated 80 percent good to excellent with pollination expected in a timely manner by mid-July.
Private forecasts of the current U.S. corn crop show expectations of yields as much as 11 percent above the 12.45 billion bushels harvested in 2010. Iowa’s crop is expected to rise to as high as 2.6 billion bushels above the 2.1 billion bushels harvested last year.

Hopefully we can share in that good fortune, but I think the spring was just a little too stressful for those of us on the eastern edge of the Corn Belt.  Looks like we may be seeing lower prices in the fall, even with a smaller crop.  We generally don't move the markets here in the periphery.