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A dry spring isn't yet a concern for the US corn crop, Univ of Illinois agronomist Emerson Nafziger says. There's "no evidence" that moderate water stress at this point in the season hurts final yield potential, he says. Also says to disregard USDA's crop rating, which fell to 66% good-to-excellent, from 79% the prior week. In 11 of the past 12 years, the late-May rating "proved to be of no value in predicting final yield." Crop ratings, and moisture stress, carry more weight as the season progresses, he says. July CBOT corn flat at $5.59 1/2 a bushel. (ian.berry@dowjones.com; @enberry)

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(END) Dow Jones Newswires

May 31, 2012 13:11 ET (17:11 GMT)

DJ MARKET TALK: Disregard Early Corn Crop Rating, Dry Spring->copyright

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WORTHLESS COMMENTS larry bylund 06/01/2012 @ 10:48am I am always amazed by some "experts " co,ments and wonder if they think about what they say before they engage their mouth and make statements like that fellow once an wxpert is anyone over 25 miles from home or someone who has never in his life planted a crop but thinks he has all the answers aka educated idiot ......this website would be a lot more cretibable if it got real dirt farmers to talk about corn growing conditions than these so called experts

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Ha chad borman 05/31/2012 @ 1:47pm That's a lie to say its no value because when conditions are perfect CBOT uses that against farmers to knock down the prices and USDA predicts huge yields for harvest in may when conditions look good so yes it is a value when it can be used as bearish news.

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