Wet
/
Partners & Friends,
We are having quite a wet spell—over 3 inches of rain in the last four days. And more rain is forecast for five straight days starting Wednesday this week. Some bottom ground will not have a crop this year. Otherwise, the crop is looking great and growing rapidly with all the moisture and warmth. We have been able to spray in brief spurts between showers. We barely achieved coverage across all the corn acres and are about 50% complete with the second pass on soybeans.
We are making slow progress resettling our main shop after the remodel over the past few months. There is one more load of beans to haul to Havana. We are getting the mowers out and trying to spray fencerows, although the crop is growing so rapidly that we won’t be able to reach all the places we had hoped. We are servicing the planting equipment before putting it away and are already beginning preparations for harvest.
Fuel and fertilizer markets have settled somewhat, but the real question now is availability. Sulfur will probably be in short supply since a significant portion comes through the Strait of Hormuz. Fuel prices are lower but have not returned to pre-war levels. We are still waiting for 45Z guidance to determine what the rules will be. We are really hoping for book-and-claim treatment on low-CI crop credits. Our bill to eliminate Eminent Domain authority for CO₂ pipelines in Illinois did not get called for a vote. It also appears we are in for electric rate increases. 🫤 So far, no data centers have been proposed for McDonough County. 🙂
Goat show season is in full bloom. Summer camps are happening every week. The FFA Convention was a great event—my first time back in 25 years.
Fall Prices:
Corn — $4.13
Soybeans — $11.11
Celebrate and appreciate our country's 250th anniversary!
Steve