Wautoma, WI
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0:56 AM CDT
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Dew Point
SW at 8 mph
29.85 in. F
10.00 mi.
05:19 a.m.
08:30 p.m.
Afternoon Forecast (12:00pm-7:00pm)
Temperatures will range from 72 to 82 degrees with mostly cloudy skies. Winds will remain steady around 13 miles per hour from the south. Rain amounts between a tenth and quarter of an inch are predicted.
7-Day Forecast
82°F / 53°F
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62°F / 33°F
Partly Cloudy
61°F / 39°F
Partly Cloudy
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Issued at 0:56 AM CDT
Friday...Temperatures will range from a high of 82 to a low of 53 degrees with cloudy skies. Winds will range between 4 and 20 miles per hour from the north. 0.77 inches of rain are expected.
This Evening ...Temperatures will range from 75 to 64 degrees with cloudy skies. Winds will range between 4 and 9 miles per hour from the southwest. Expect rain amounts between a quarter and half of an inch.
Overnight ...Temperatures will range from 63 to 55 degrees with cloudy skies. Winds will range between 4 and 20 miles per hour from the north. Rain amounts between a tenth and quarter of an inch are predicted.
Saturday...Temperatures will range from a high of 62 to a low of 33 degrees with partly cloudy skies. Winds will range between 5 and 19 miles per hour from the north. Less than 1 tenth inch of rain is possible.

USDA: US farmers planting most corn since 1937

July 5, 2012 | 0 comments

Farmers nationwide are anticipating more profit from corn than other crops this year and planted 96.4 million acres of it this spring, the most in nearly eight decades, the U.S. Department of Agriculture said Friday (Jume 29).

The new acreage number, based on farm surveys from early June, reflects a five percent increase from last year and is the largest amount of planted acres since 1937, when the nation's farmers planted 97 million acres of the crop.

The push is coming from higher corn prices and the expectation that corn demand will remain high thanks to exports, livestock feed and ethanol production, said Garry Niemeyer, president of the National Corn Growers board.

Farmers each fall review the prices of fertilizer, seed and other chemicals, and the price they're projected to receive from selling the grain. Many concluded that corn would be a better bet than other crops, such as soybeans, he said.

"They felt like they would probably make more money on corn," said Niemeyer, a corn and soybean farmer in Auburn, IL.

If the heat and lack of rain continue in corn-growing states, the increased planting could help offset losses due to the weather. A significant drought would drive up prices since demand for corn would remain strong despite a diminished supply.

However, higher corn prices mean livestock farmers have to pay more to feed their hogs and cattle, which means meat prices could climb at the grocery store.

Higher prices also could impact the cost of other food that contains corn products, such as breakfast cereal, bread, salad dressing and chips.

"The good news is we did plant a lot more corn acreage this year. Because of the dry and the heat, we're losing yield by the day," said Paul Bertels, an agricultural economist with the National Corn Growers in St. Louis. "I don't think the corn supply is going to grow tremendously this year and there is potential for it to get smaller."

According to the USDA, the nation has 3.15 billion bushels of corn in storage, down 14 percent from last year's June estimate.

Iowa - the nation's top corn producer - has the most acreage devoted to corn at 14 million, compared to 14.1 million in June 2011. Illinois increased to 13 million this month from 12.6 million last year, while Nebraska inched up to 9.9 million from 9.85 million, according to the USDA.

Record amounts of planted acreage are expected in Idaho, Minnesota, Nevada, North Dakota, Oregon and South Dakota.

The benchmark that analysts use is the price for corn that gets delivered by farmers in December, following the year's harvest.

On Friday, corn for December delivery rose one cent to $6.33 a bushel, which is where corn has been trading this week and is significantly better than $5 to $5.50 price range the market has seen since April.

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